New study/experiment. Uber conservatives now get a diagnosis?

[skysidhe]

Originally Posted by Undertoad

I guess your A's were in macroeconomics. We're talking micro, here. Let's reduce it down to just you. If you are shopping for groceries, and you want peas, and you see a can of peas for $5, do you buy it?

I know it's not my question but I don't believe buying expensive peas causes inflation because there is someone selling peas for less. If I buy the cheaper peas this might make the other seller reduce prices to be able to compete.

The whole premise behind supply and demand.

Does buying an expensive product set an inflation rate? I don't think so.

However.
I noticed that sugar took a price hike. I assumed it was the cost of fuel to ship it inland. I think the same supply and demand rule applys making the people producing a product look for ways to pass savings onto the consumer.



sorry if I interupted