Yeah about that… nothing modern about it. That’s what it was supposed to be by the old observations when people had actual scarcity of … wheat and corn or whatever.
It doesn’t work for alcohol today. There are still people doing moonshine brew because it can’t get cheap enough. The demand will never reach a bottom nor a peak.
It’s layers of markets. If you can’t sell your shit brew at “market price” you can always dump the price and reach a new market of bottom feeders or go the other way and pay influencer to make a silly drinking game to make artificial scarcity in the upper market.
There’s always enough supply and demand that everything is possible.
Does that mean the price of liquor is gonna drop? Cause NOT SO FAR.
Other way around. Modern capitalism dictates that as sales drop, prices must rise so profits can remain the same or continue increasing.
LINE GO UP
Stonks
Yeah about that… nothing modern about it. That’s what it was supposed to be by the old observations when people had actual scarcity of … wheat and corn or whatever.
It doesn’t work for alcohol today. There are still people doing moonshine brew because it can’t get cheap enough. The demand will never reach a bottom nor a peak.
It’s layers of markets. If you can’t sell your shit brew at “market price” you can always dump the price and reach a new market of bottom feeders or go the other way and pay influencer to make a silly drinking game to make artificial scarcity in the upper market.
There’s always enough supply and demand that everything is possible.
With fewer people smoking, the price of cigs sure didn’t drop.
Now that… That is interesting man. I’ve never thought about that.
But WHY?!