1200poundgorilla
1200poundgorilla t1_j6m3lsk wrote
Reply to comment by teth21 in Costco - Prices are 20% high. Organic Milk during shortage/COVID was raised to $9.99 per gallon and today it was 11.99 per gallon by MogamboKushhua468
We're seeing that play out in the electric car space right now. And that would be something that would lower demand, theoretically. But if everyone is keeping their prices higher than we think they should, they're either selling out the inventory they're able to stock, there could be collusion, or several other things happening...
1200poundgorilla t1_j6lsqwt wrote
Reply to comment by pigsgetfathogsdie in Costco - Prices are 20% high. Organic Milk during shortage/COVID was raised to $9.99 per gallon and today it was 11.99 per gallon by MogamboKushhua468
Exactly, once they figure that they can keep the prices there and demand doesn't go down, why on earth would you lower your prices?
1200poundgorilla t1_j6o4b8k wrote
Reply to comment by pigsgetfathogsdie in Costco - Prices are 20% high. Organic Milk during shortage/COVID was raised to $9.99 per gallon and today it was 11.99 per gallon by MogamboKushhua468
But it's still a product in the market, subject to market forces.