6 ms·
Why don't the mechanics increase their price?
by willwashburn 6mo ago
Why don't the mechanics increase their price?
- conductr 6mo agoThat generates more supply (mechanics) not less demand (volume of broken cars). Sometimes having excess demand is ideal to keep the market balanced in your favor.
- willwashburn 6mo agoIncreasing price would just move up the demand curve (less people willing to spend the increased amount on fixing their broken car) and the mechanic would earn more. ofc overtime it's likely more mechanics enter the market to compete, but that wouldn't be instant. and when it does happen the table stakes would be that everyone's phone call get's answered idk I feel like i'm missing something basic here
- ozim 6mo agoThey do. I paid quite a lot for hauling and fixing alternator. Same with basic house maintenance prices are through the roof.