With fewer people smoking, the price of cigs sure didn’t drop.
Comment on Mama didn't raise no quitter
mappe@moplemmy.fyi 1 month ago
Does that mean the price of liquor is gonna drop? Cause NOT SO FAR.
yaroto98@lemmy.world 1 month ago
ToiletFlushShowerScream@piefed.world 1 month ago
Now that… That is interesting man. I’ve never thought about that.
But WHY?!
cynar@lemmy.world 5 weeks ago
Most of the cost is production and taxes. If demand falls, production resources (land etc) are diverted to more profitable crops. This makes supply fall until prices reach a new equilibrium.
Taxes then add a fixed offset to that.
empireOfLove2@lemmy.dbzer0.com 1 month ago
Other way around. Modern capitalism dictates that as sales drop, prices must rise so profits can remain the same or continue increasing.
toiletobserver@lemmy.world 1 month ago
LINE GO UP
MutantTailThing@lemmy.world 1 month ago
Stonks
stickyprimer@lemmy.world 5 weeks ago
Probably, yeah, because as the casuals drop out, only hardcores will remain, and they are frankly willing / compelled to pay more. So they will.
bstix@feddit.dk 1 month ago
Yeah about that… nothing modern about it. That’s what it was supposed to be by the old observations when people had actual scarcity of … wheat and corn or whatever.
It doesn’t work for alcohol today. There are still people doing moonshine brew because it can’t get cheap enough. The demand will never reach a bottom nor a peak.
It’s layers of markets. If you can’t sell your shit brew at “market price” you can always dump the price and reach a new market of bottom feeders or go the other way and pay influencer to make a silly drinking game to make artificial scarcity in the upper market.
There’s always enough supply and demand that everything is possible.