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To: 1rudeboy
"Hmm . . . so now you’ve determined that increasing the price of something leads to more of that thing being sold. Truly revolutionary."

I didn't say that. All other things being equal, an increase in price usually increases supply and decreases demand.

An increase in import tariff however increases domestic supply and reduces foreign supply.

73 posted on 11/13/2012 8:51:24 PM PST by DannyTN
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To: Toddsterpatriot
This thread sorta' reminds me of an argument I had with a lib about corporate income taxes. He said that people don't pay the tax, the corporation does. I asked him, "where does the money come from?" He replied, "the corporation." I asked, "doesn't the corporation have to raise its price to pay the tax?" He replied, "not if it is in a competitive market, it cannot."

Voila! Prosperity!

74 posted on 11/14/2012 6:14:24 AM PST by 1rudeboy
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