• AxExRx@lemmy.world
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    8 hours ago

    When theres increased demand, companies raise prices because of scarcity. When theres decreased demand, they raise prices so they can make their profits over fewer units sold.

    • huquad@lemmy.ml
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      3 hours ago

      This works in a vacuum, but falls apart once you have competition to drive prices down. That said, the world is falling into cartels that price fix anyway.