Comment on Mama didn't raise no quitter
yaroto98@lemmy.world 3 weeks agoWith fewer people smoking, the price of cigs sure didn’t drop.
Comment on Mama didn't raise no quitter
yaroto98@lemmy.world 3 weeks agoWith fewer people smoking, the price of cigs sure didn’t drop.
ToiletFlushShowerScream@piefed.world 3 weeks ago
Now that… That is interesting man. I’ve never thought about that.
But WHY?!
cynar@lemmy.world 2 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.