this post was submitted on 11 Aug 2023
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It is like a jet plane passing overhead with you isn't it? Not even disagreeing with you just pointed out your simple explanation is right only if you set the price too low. Then I mentioned competition is the best way to handle it which you restated like you were correcting an imaginary straw man. Needless to say your basic econ lesson breaks down whenever the price fails to be elastic which happens quite often.
You must be an asspie or something I guess.
If you don't set the price goo low then you're not changing the price