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Earth-shine

(4,044 posts)

19. If I open a store with $20 sandwhiches, I can steal all your customers.

Reply to Yavin4 (Reply #12)

Tue Mar 26, 2024, 11:00 PM

Mar 26

There's a whole market for people who don't want to pay $30.

You need to find more reasonable suppliers.

That's the nature of the free market. If your prices are too high, someone will undercut you.

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24 replies

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Highlight:

If I sell sandwiches to 10 people at $10 per sandwich, then raise the price to $30 and lose 5 customers. [View all] Yavin4 Mar 26 OP

Business wise it's actually better to have higher prices. jimfields33 Mar 26 #1

A regular coffee at Starbucks in NYC is almost $4. Yavin4 Mar 26 #3

That's actually not horrible jimfields33 Mar 26 #6

Nice Pun ProfessorGAC Mar 26 #14

lol. Rare humor. jimfields33 Mar 26 #15

And, BTW... ProfessorGAC Mar 26 #17

Especially for a monopoly with little if any regulation. Marcus IM Mar 26 #5

How much did you distribute to your shareholders? Or did you use profits to buy back shares to further inflate value? Marcus IM Mar 26 #2

How do black markets work? Marthe48 Mar 26 #4

It's about price points. pecosbob Mar 26 #7

You may lose your remaining customers to a shop that has $20 sandwhiches. Earth-shine Mar 26 #8

Why would you when you can charge $30 on a sandwich? Yavin4 Mar 26 #12

If I open a store with $20 sandwhiches, I can steal all your customers. Earth-shine Mar 26 #19

"You need to find more reasonable suppliers." Yavin4 Mar 26 #20

I looked at the list. That's packaged food. I'm sure I could find bread and cold cuts without the big suppliers. Earth-shine Mar 26 #22

That's why you send lobbyists to government to have them force the other shop out of business, Oneironaut Mar 27 #24

Not only did you increase revenue, but you decreased material goods and its handling by 50% TheBlackAdder Mar 26 #9

I teach Supply and Demand in my HS Economics class. Bucky Mar 26 #10

Its not just the seller... brooklynite Mar 26 #11

Disney could really screw over Florida by limiting tickets to those with in-park stays. TheBlackAdder Mar 26 #13

The Ideal Point Is Called Equilibrium ProfessorGAC Mar 26 #16

Response Yavin4 Mar 26 #18

You're Kind Of Moving The Goalposts ProfessorGAC Mar 27 #23

People get angry having to pay for basic needs JI7 Mar 26 #21