Zorque comments on No really, why are groceries so expensive now?

submitted 1 year ago by streetfestival@lemmy.ca to c/canada@lemmy.ca

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[–] Zorque@lemmy.world 26 points 1 year ago (1 child)

Inelastic demand. It's easier to charge more for something if people need it to survive.

[–] CanadaPlus@lemmy.sdf.org 11 points 1 year ago*

If we had competition, the prices would get run down anyway by people trying to expand their market share.

If.

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