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re: Based Jeff Bezos cutting prices at Whole Paycheck
Posted on 8/24/17 at 1:58 pm to boosiebadazz
Posted on 8/24/17 at 1:58 pm to boosiebadazz
quote:I welcome the lower prices, but what is going to happen when there's a huge increase in the amount of people trying to buy stuff from WF?
This isn't globalism; this is innovation.
The only way this is a long term positive thing is if the price cutting forces other stores to cut their prices as well.
How is that going to happen in an industry where profit margins are already razor thin?
4
Posted on 8/24/17 at 1:59 pm to HailHailtoMichigan!
quote:
How is that going to happen in an industry where profit margins are already razor thin?
Get smarter or die off
Posted on 8/24/17 at 2:02 pm to HailHailtoMichigan!
Amazon either adapts to the crowds or they lose business. Other stores either meet the WF price or lose business.
Why does everyone all of a sudden hate Econ 101 when it's that dirty cuck Jeff Bezos using it to his advantage?
Why does everyone all of a sudden hate Econ 101 when it's that dirty cuck Jeff Bezos using it to his advantage?
Posted on 8/24/17 at 2:04 pm to HailHailtoMichigan!
quote:
I welcome the lower prices, but what is going to happen when there's a huge increase in the amount of people trying to buy stuff from WF?
Meh. Most WF locations are already in areas where people aren't that price sensitive so I doubt this has a huge impact.
Posted on 8/24/17 at 3:09 pm to HailHailtoMichigan!
Why are you assuming that this is an out-of-equilibrium price shite? Couldn't it equivelently be an equilibreum shift due to a shifting supply curve?
Maybe the reason that WF can now cut their food prices is that Amazon offers distributional advances that make providing the same quantity and quality of food cheaper, thus increasing the supply. Increasing supply leads to a decrease in price and an increase in quantity demanded, but not an increase in demand.
Not sure why so many people seem to have their panties in a wad over cheaper food. I'm no fan of Bezos himself, but this seems like a pretty clear cut example of the benefits of capitalism.
Maybe the reason that WF can now cut their food prices is that Amazon offers distributional advances that make providing the same quantity and quality of food cheaper, thus increasing the supply. Increasing supply leads to a decrease in price and an increase in quantity demanded, but not an increase in demand.
Not sure why so many people seem to have their panties in a wad over cheaper food. I'm no fan of Bezos himself, but this seems like a pretty clear cut example of the benefits of capitalism.
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