Will sellers lower food prices after global production goes back to normal or is this a permanent rise?
Lower food prices
Lower food prices
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May 20 2008, 02:18 AM, updated 18y ago
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#1
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Senior Member
2,850 posts Joined: Aug 2006 From: Stellar Nursery |
Will sellers lower food prices after global production goes back to normal or is this a permanent rise?
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May 20 2008, 02:43 AM
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#2
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Senior Member
1,313 posts Joined: Jan 2006 |
it will be hurt by the ever increasing oil prices
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May 20 2008, 02:50 AM
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#3
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang |
when supply over demand, USUALLY it will fall. unfortunately, I don't see this will happen.
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May 20 2008, 08:39 AM
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#4
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Senior Member
555 posts Joined: Oct 2007 |
hopefully. as it is i'm hungry and i don't like paying more for my food.
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May 20 2008, 08:51 PM
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#5
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Junior Member
91 posts Joined: Mar 2007 From: SS7 KJ PJ |
i suck in my economics...
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May 20 2008, 08:54 PM
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#6
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Senior Member
604 posts Joined: Jun 2007 From: JB, Singapore, Kuala Lumpur, Ipoh |
it will not coz seller knows how to pass the cost to consumer... e.g. rental ---> consumer pay.
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May 20 2008, 09:47 PM
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#7
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Senior Member
5,227 posts Joined: Jan 2003 From: Anchorage, Alaska |
nope.... i dont think will decrease.... msia's food price are already artificially low... so it is at its lowest point... it can only go higher not lower..
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May 21 2008, 04:43 AM
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#8
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Elite
2,036 posts Joined: Feb 2007 From: KL |
no if they enjoy local monopoly or make a deal with other sellers. yes if you can set up a firm that undercuts their prices and stelz their biznis and wimmenz.
then prepare for gang members thrashing your crib. |
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May 21 2008, 08:51 AM
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#9
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Junior Member
259 posts Joined: Oct 2006 |
You know what? I just realized we are subsidizing & feeding immigrants workers at a time when rice is in short supply.
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