Fed Rate Cut Incoming: Sleepy Jo Trying To Save Economy For Kamala!!

[Bob_C]

Jesus Bob, the moment eggs start becoming $6 a dozen in your scenario demand would drop off which would result in a suboptimal profit then they would set it back at $5
Don’t believe me? Look at the first response on this thread. “Buy chickens!” People would start finding alternatives.

Cmon man, stop making EverettChris posts.

The market sets the market clearing price, not the buyers or the sellers as a group. Millions of buyers and sellers on an individual basis act in their individual best interest. Future supply issues figures in to current market prices. You are correct that higher prices drop demand, but if $6 is the new market clearing price that is what the demand is. It won't drop unless supply increases or new cheaper alternatives are developed.

Tell me you dont understand the Supply and Demand concept w/o telling me you dont understand the supply and demand concept.

All you've shown is that you don't understand how supply and demand are impacted by price changes on inelastic food goods (like eggs, milk).

 

[HuskyBuck]

Jesus Bob, the moment eggs start becoming $6 a dozen in your scenario demand would drop off which would result in a suboptimal profit then they would set it back at $5
Don’t believe me? Look at the first response on this thread. “Buy chickens!” People would start finding alternatives.

Cmon man, stop making EverettChris posts.

The market sets the market clearing price, not the buyers or the sellers as a group. Millions of buyers and sellers on an individual basis act in their individual best interest. Future supply issues figures in to current market prices. You are correct that higher prices drop demand, but if $6 is the new market clearing price that is what the demand is. It won't drop unless supply increases or new cheaper alternatives are developed.

Tell me you dont understand the Supply and Demand concept w/o telling me you dont understand the supply and demand concept.

All you've shown is that you don't understand how supply and demand are impacted by price changes on inelastic food goods (like eggs, milk).

No gas is inelastic…one of the few that is in that category (another case for EVs that somehow you guys won’t absorb)

Eggs…milk…elastic.

 

[thechatch]

basic food items are now an elastic good?

Ha ha this guy doesn’t know what he’s talking about

 

[Bob_C]

Google is your friend.

 

[UW_Doog_Bot]

Lulz