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The Water Cooler
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price gouging Tulsa gun shop
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<blockquote data-quote="henschman" data-source="post: 2033265" data-attributes="member: 4235"><p>The beautiful thing about a free (ish) market is that people who charge too much provide their own punishment. If something is available cheaper elsewhere, very few will buy from the overcharger and he will either go out of business or have to lower prices. But as n2sooners correctly noted, if someone raises prices and continues to sell his normal volume of product, this indicates that the market price for his good has risen, and he has his goods priced correctly for market conditions. Likewise if other sellers leave prices as they were and quickly sell out of product, as some in this thread describe, this is another indicator that the market price has risen and that those sellers had their product priced below market value.</p><p></p><p>One thing people need to realize about a market is that market prices are determined by what buyers will willingly pay for a product. Market price is not some fixed figure... it changes based on market conditions (supply and demand, most notably). It makes no sense to complain that today's prices are higher than 3 weeks ago, when there have been major changes in market conditions since then. That is like complaining that gas stations are price gouging by selling gas at $3.00/gal., because it was $0.85 in 1993. Ad don't be surprised if the gas stations who sell at 1993 prices are never in stock, because the first guy who happens to be around when they put it up for sale at that price buys it all and re-sells it for $3.00/gal.</p></blockquote><p></p>
[QUOTE="henschman, post: 2033265, member: 4235"] The beautiful thing about a free (ish) market is that people who charge too much provide their own punishment. If something is available cheaper elsewhere, very few will buy from the overcharger and he will either go out of business or have to lower prices. But as n2sooners correctly noted, if someone raises prices and continues to sell his normal volume of product, this indicates that the market price for his good has risen, and he has his goods priced correctly for market conditions. Likewise if other sellers leave prices as they were and quickly sell out of product, as some in this thread describe, this is another indicator that the market price has risen and that those sellers had their product priced below market value. One thing people need to realize about a market is that market prices are determined by what buyers will willingly pay for a product. Market price is not some fixed figure... it changes based on market conditions (supply and demand, most notably). It makes no sense to complain that today's prices are higher than 3 weeks ago, when there have been major changes in market conditions since then. That is like complaining that gas stations are price gouging by selling gas at $3.00/gal., because it was $0.85 in 1993. Ad don't be surprised if the gas stations who sell at 1993 prices are never in stock, because the first guy who happens to be around when they put it up for sale at that price buys it all and re-sells it for $3.00/gal. [/QUOTE]
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