higher demand, same supply = higher prices. econ 101.
Buyers cry ‘fowl’ over Ramadan price-gouging, RM6.50 to RM7 per kg
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 Aug 11 2010, 04:32 PM
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Aug 11 2010, 04:35 PM
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QUOTE(mecharojak @ Aug 11 2010, 04:34 PM) People don't like capitalism, can ask them try communism. communism = tak cukup makan. artificially low prices lead to shortage. so many times in history happen liao. |
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Aug 11 2010, 04:38 PM
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QUOTE(dagnarus @ Aug 11 2010, 04:35 PM) this is true, but only until certain extent. the way i see it, the supplies are controlled by a certain group of people. it's not like during ramadhan suddenly supply shrunk, or demand increase exponentially. as a matter of fact, demand should be reduced since people are eating less... so price should go down... pasar ramadhan panggang ayam percik like nobody's business. plus you can't control the supply of chicken per se in the short run. stop killing your chickens and let them age? freeze the raw chicken meat? no profit in that. it is called demand-pull inflation for a reason. remember the population demand too, chinese only make up 20% or so during cny compared to the 70% during raya.This post has been edited by Chill4x: Aug 11 2010, 04:39 PM |
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Aug 11 2010, 04:57 PM
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aduh, if the prices are that high and the people are still buying means that the demand is high la. the businesses will charge whatever the market can bear. consumers dont like the price dont buy.
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Aug 11 2010, 05:06 PM
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QUOTE(dagnarus @ Aug 11 2010, 05:02 PM) see you imply that i said cainis is taking advantage on maleis..... based on this logic, would you have raised the same issue if it were malay suppliers during chinese new year?what i simply mention there is during raya & puasa the supplier (which are cainis in majority) will jack up the price. so basically you want me to omit the word cainis there and simply say supplier will jack up price for raya & puasa? you brought up the race issue, i see it as profit driven. |
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