Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Tribune7

If the market can bear $1.23, then that's all it can bear. If the vendor is still getting $1.23, then you are not adding the 23% tax, which will make the price $1.61. So this vendor, whose cost has been reduced by 23% is trying to get $1.61 for a loaf of bread, when everyone else is lowering the price and selling more loaves, which results in a higher total profit. Competition will make the price go down.


301 posted on 08/23/2005 7:55:54 PM PDT by SALChamps03
[ Post Reply | Private Reply | To 28 | View Replies ]


To: SALChamps03
Competition will make the price go down.

Exactly.

306 posted on 08/23/2005 8:02:31 PM PDT by Tribune7
[ Post Reply | Private Reply | To 301 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson