MacN'Cheezus@lemmy.today to Microblog Memes@lemmy.worldEnglish · edit-213 hours agoWell butter my butt and call me a biscuitlemmy.todayimagemessage-square103fedilinkarrow-up1605arrow-down18file-text
arrow-up1597arrow-down1imageWell butter my butt and call me a biscuitlemmy.todayMacN'Cheezus@lemmy.today to Microblog Memes@lemmy.worldEnglish · edit-213 hours agomessage-square103fedilinkfile-text
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up7·2 hours agoActually asking, not rhetorical: if poor people are already getting charged based on what they can afford, would this policy exert a downward force on prices? So way less financing options, slightly more buying outright?
minus-squarefinitebanjo@lemmy.worldlinkfedilinkEnglisharrow-up6·2 hours agoProblem is the assumption that prices would go down if some people cannot afford it. Whats happening instead is people going hungry and homeless. The reason for this is that Supply:Demand Equilibrium is further up in price range where fewer sales at higher value yields the maximum profit.
Actually asking, not rhetorical: if poor people are already getting charged based on what they can afford, would this policy exert a downward force on prices?
So way less financing options, slightly more buying outright?
Problem is the assumption that prices would go down if some people cannot afford it.
Whats happening instead is people going hungry and homeless.
The reason for this is that Supply:Demand Equilibrium is further up in price range where fewer sales at higher value yields the maximum profit.