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re: Shrimpers plan to tie up boats over dropping prices
Posted on 9/5/14 at 7:10 pm to WoWyHi
Posted on 9/5/14 at 7:10 pm to WoWyHi
Sounds like a review of supply and demand principles are in order.
Supply goes up or remains steady while demand goes down, prices go down.
Demand remains steady while supply continuously exceeds demand or rises at a constant rate, price goes down.
Decrease supply to come back into equilibrium with demand, and you're back to par.
ETA:
Yep. They most certainly will. All they will do is allow to their market share decrease. Stop supplying to bring prices back up, someone else will fill that void. Especially if they are working with lower COGS.
Supply goes up or remains steady while demand goes down, prices go down.
Demand remains steady while supply continuously exceeds demand or rises at a constant rate, price goes down.
Decrease supply to come back into equilibrium with demand, and you're back to par.
ETA:
quote:
Viets will still shrimp and will make money.
Yep. They most certainly will. All they will do is allow to their market share decrease. Stop supplying to bring prices back up, someone else will fill that void. Especially if they are working with lower COGS.
This post was edited on 9/5/14 at 7:15 pm
Posted on 9/5/14 at 7:12 pm to drewnbrla
quote:
drewnbrla
I understand that, but this would be an artificial inflation of supply and demand just to try and drive prices up. I'm just wondering if the consumer is going to put up with it.
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