Six months into tariffs, businesses have no idea how to price anything
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Re: Six months into tariffs, businesses have no idea how to price anything
#2Re: Six months into tariffs, businesses have no idea how to price anything
#3This is how you know most economic theory is a total lie, if it wasn't they would just "price what people are willing to pay" and be forced to eat the loss. Is that cause copper bathtubs are a special item or are you just making up more rules after the fact to patch holes in your leaky theory.
Re: Six months into tariffs, businesses have no idea how to price anything
#4Because the cost of goods continues to fluctuate wildly due to ongoing tariff wrangling that nobody asked for or needed.
Also farmers can’t sell anything because retaliation has destroyed international demand (I’d say decimated but it’s way worse than reduction by a tenth)
Re: Six months into tariffs, businesses have no idea how to price anything
#5This is how you know most economic theory is a total lie, if it wasn't they would just "price what people are willing to pay" and be forced to eat the loss. Is that cause copper bathtubs are a special item or are you just making up more rules after the fact to patch holes in your leaky theory.
Or... there is some elasticity with price and supply/demand, which falls totally within microeconomics
Re: Six months into tariffs, businesses have no idea how to price anything
#6Now that I think about it, creating confusion and uncertainty is actually a pretty effective move if you want to play protectionism.
Any "known" tariff would just be paid as far as still profitable.
Re: Six months into tariffs, businesses have no idea how to price anything
#7This is how you know most economic theory is a total lie, if it wasn't they would just "price what people are willing to pay" and be forced to eat the loss. Is that cause copper bathtubs are a special item or are you just making up more rules after the fact to patch holes in your leaky theory.
Economic theory covers what happens when the cost of goods goes up for suppliers. Prices go up for consumers. But the costs haven’t stopped fluctuating.
Re: Six months into tariffs, businesses have no idea how to price anything
#8https://archive.is/Q2lLE
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Re: Six months into tariffs, businesses have no idea how to price anything
#9This is how you know most economic theory is a total lie, if it wasn't they would just "price what people are willing to pay" and be forced to eat the loss. Is that cause copper bathtubs are a special item or are you just making up more rules after the fact to patch holes in your leaky theory.
.I’m not sure about economics Our complex supply chain has created an environment where the cost of something is tied to externalities. I think not knowing the cost of the various steps of production is a problem.
Re: Six months into tariffs, businesses have no idea how to price anything
#10Because the cost of goods continues to fluctuate wildly due to ongoing tariff wrangling that nobody asked for or needed. Also farmers can’t sell anything because retaliation has destroyed international demand (I’d say decimated but it’s way worse than reduction by a tenth)
I don’t know if you can factually back up your claims but I applaud your proper use of decimate. It is a rare thing. One might even say it happens less than 10% of the time.