Quote:
Originally Posted by makarovnik221
Lord, how I wish they taught basic economics in school! The first thing you geniuses need to realize is that there is no such thing as "Price Gouging." In a free enterprise economy, people pay what they feel something is worth. If people need gasoline and are willing to pay 5, 6 or 7 dollars a gallon, then that is what that commodity is worth to them. If I charged $10 a gallon for gas, and no one felt that it was worth it to them, no one would buy the gas and I'd have to lower my prices to a level that people thought was correct, or I wouldn't be in business very long. If someone wants to pay $25,000 more than MSRP, then that is his prerogative. That's why the $1500 my father paid in 1971 for a Toyota Corolla won't get me much today, because people have agreed to pay more over the years for their cars, because they feel the cars are worth it. Come on, people, learn some economics!
|
Oh how I wish people would
before they post... :bangdesk:
price gouging
noun
pricing above the market price when no alternative retailer is available