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Price increases are the natural response from market forces given the reduction or merely risk of reduction in supply. This has at least two important beneficia
by olliesaunders 14y ago
Price increases are the natural response from market forces given the reduction or merely risk of reduction in supply. This has at least two important beneficial effects: 1) people are less likely to panic buy 2) the incentive for supplying increases.
- nicholassmith 14y agoNo doubt, free market economies do love price increases but it's often at a level that could be viewed as price gouging to make money off someones misfortune. Whether that's a truly bad thing is probably a longer conversation for a different day (is there a morality in the marketplace, and so on).