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3 Replies

 @R3publicTimSocialistfrom Texas  agreed…2yrs2Y

Interesting how gasoline prices vary up and down with supply and demand, currently dropping significantly from a year ago. Yet grocery prices remain stuck at high levels, never dropping, only moving upward. Moreover, gas prices move rapidly in small increments, while supermarket item pricing is nearly always full dollar amounts - $4.99, $5.99, $6.99, etc.. The structure and dynamics of grocery pricing signal little relation to costs. That sure seems like the outcome of monopolization among food growers and retailers.

 @Sw1ngStateDukeGreen from Connecticut  agreed…2yrs2Y

Painful... The average American consumer may see that prices of groceries are indeed high(er). However basic economic principles of price elasticity (choosing to buy something else when the price of a preferred commodity is considered too high) are lost on us. I may choose to eat chicken over higher priced beef, i.e. Then there is the notion that "falling inflation" means lower prices... NOT! Simply means the rate at which prices are rising is now slower BUT STILL HIGHER. Lastly, certain products are inelastic in that we must have them at any price. Food in general, like elec…  Read more

 @R3publicTimSocialistfrom Texas  disagreed…2yrs2Y

The vast majority of people know they can choose to buy something that costs less. The point here is price gouging by corporations exploiting the pandemic and war.

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