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  #16  
Old 05-10-2021, 07:23 PM
OKCtodd71 OKCtodd71 is offline
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I'll answer your question with another question:
How much would you pay for a Christmas tree on December 26th? THAT is supply and demand.
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  #17  
Old 05-10-2021, 07:55 PM
JonWer JonWer is offline
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Another factor to consider is that supply disruption spurs innovation and alternatives. An example is pretreated lumber, now closer to par with composite. Which would you choose for your deck?

Don’t want to wait an hour for a table at a restaurant, try a new one that is great and is now your favorite. Do you go back to the former standby place or move on?

I doubt businesses that are facing supply chain disruption, and raise prices to pass along their increased costs are happy. More likely they risk alienating customers and creating entry opportunities for more competition.
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  #18  
Old 05-10-2021, 08:25 PM
Riverwolf Riverwolf is offline
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Quote:
Originally Posted by OKCtodd71 View Post
I'll answer your question with another question:
How much would you pay for a Christmas tree on December 26th? THAT is supply and demand.
PNW here and I hate cleaning up fir tree needles.
So, before and after pictures are both zero...
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  #19  
Old 05-10-2021, 08:29 PM
Riverwolf Riverwolf is offline
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Originally Posted by Brucebubs View Post
What if you could only get 250 but you had 2000 customers wanting to buy?
Customer demand exceeds your supply.
What if some of those 2000 customers started offering you more than your asking price?
Would you say no or give them priority?
What they all were prepared to pay more to ensure supply?
Would you say 'No, I'm only going to sell them at the regular price'?
Now you are simply talking greed again.
The have's and the have not's.
It can be a sad world to live in.
But live in it, we do.
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  #20  
Old 05-10-2021, 10:52 PM
woodbox woodbox is offline
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Quote:
Originally Posted by OKCtodd71 View Post
I'll answer your question with another question:
How much would you pay for a Christmas tree on December 26th? THAT is supply and demand.
Wow!
Too often I find myself answering a question too much.
And as a songwriter, I always try to be concise.

I applaud how you got right to the point.
Well said.
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  #21  
Old 05-10-2021, 10:57 PM
woodbox woodbox is offline
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To the OP Riverwolf, I’m intrigued by this topic and the questions you raise.
Very thoughtful and thought provoking, without being adversarial.

I have a sister in Salem I visit occasionally, and would enjoy meeting over a burger someday to discuss social philosophy.
I’m buying.
Oh and, yes, I’ll bring a guitar.
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  #22  
Old 05-11-2021, 12:11 AM
Silurian Silurian is offline
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Originally Posted by steveh View Post
There’s one guitar; we both want it.
I’m gonna pay more than you to make sure I get it.
End of.

Cheers,
Steve
It generally works quite well but gets morally and ethically complicated whan we differentiate wants from needs.

There's one oxygen cylinder; we both need it. I'm gonna pay more than you to make sure I get it.
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  #23  
Old 05-11-2021, 08:48 AM
rokdog49 rokdog49 is offline
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Quote:
Originally Posted by Riverwolf View Post
Now you are simply talking greed again.
The have's and the have not's.
It can be a sad world to live in.
But live in it, we do.
So let me understand.What you are referring to about guitars and the lack of them at what you consider “a fair price” is a sad world.
Before you answer, I get it. You are referring to something that is you consider symptomatic of a capitalistic culture.
I would offer that the opportunity to “have” is available to everyone in America.
It’s about choices and I for one, prefer that over the alternative.
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  #24  
Old 05-11-2021, 09:41 AM
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Quote:
Originally Posted by OKCtodd71 View Post
I'll answer your question with another question:
How much would you pay for a Christmas tree on December 26th? THAT is supply and demand.
And compare to what you'd pay for a Christmas tree on 12/24....

Quote:
Originally Posted by Riverwolf View Post
PNW here and I hate cleaning up fir tree needles.
So, before and after pictures are both zero...
I assume that you're trying to be funny, but demand does not consist of the wants and needs of a single consumer. Outliers don't generally contribute to graphs of supply and demand. In general there is a tremendous demand for Christmas trees in the US before Christmas and virtually no demand after Christmas...
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  #25  
Old 05-11-2021, 09:53 AM
masterofnone masterofnone is offline
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It really is a fascinating subject, but for the sake of being brief, at least regarding guitars, know that some people would be equally happy playing a saxophone, or painting. George Bernard Shaw once said "if all the economists were laid end to end, they would not reach a conclusion." That said, companies, countries and individuals all use some form of forecasting to influence their actions. A lot of it is common sense, greed is part of the equation, and everything is relevant. If this response leaves you with more questions than you started with, you're getting a handle on it!
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  #26  
Old 05-11-2021, 12:01 PM
Riverwolf Riverwolf is offline
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Quote:
Originally Posted by rokdog49 View Post
It’s about choices and I for one, prefer that over the alternative.
To a degree.
Sometimes I would like to go into a store for say, laundry soap or some chips.
I don't need or even want to want the dizzyingly array of choices.

Also this post had nothing to do with guitars.
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  #27  
Old 05-11-2021, 12:28 PM
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Quote:
Originally Posted by rokdog49 View Post
So let me understand.What you are referring to about guitars and the lack of them at what you consider “a fair price” is a sad world.
Before you answer, I get it. You are referring to something that is you consider symptomatic of a capitalistic culture.
I would offer that the opportunity to “have” is available to everyone in America.
It’s about choices and I for one, prefer that over the alternative.
While I would completely agree that the economics of supply and demand cannot be simplistically reduced to just "greed"
BUT the notion that :
" the opportunity to “have” is available to everyone in America." is an equally simplistic and specious as well . While certainly no one is supposed to be denied the access "to have" in this country, (even though there are still some few vestiges of that actually not being the case ) But far more importantly the opportunity to all the available means to acquire the ability "to have" is still definitely not an equal opportunity in America.
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  #28  
Old 05-11-2021, 01:13 PM
Dru Edwards Dru Edwards is offline
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Quote:
Originally Posted by Riverwolf View Post
This is a great example but not a good answer except for greed.
A 2x4 is still a 2x4.
Is raising prices seen as better than empty shelves?
If there's more demand then supply and prices didn't go up then the price on the secondary market would go up. People who don't need the item, in this case lumber or an item on a store shelf (now empty), would buy it only so they could sell it at double/triple the price because they will find a buyer.

Regardless of whether it's on the primary or secondary market the price will go up.

Makes me think after market ticker resellers to a hot sporting/music event. I dislike it when a reseller buys tickets for a single reason, to increase the price and make a profit. But it comes down to supply and demand, very little supply and great demand to see your Sports team have an opportunity to win a championship.
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  #29  
Old 05-12-2021, 11:00 PM
Wengr Wengr is offline
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Quote:
Originally Posted by Riverwolf View Post
This is a great example but not a good answer except for greed.
A 2x4 is still a 2x4.
Is raising prices seen as better than empty shelves?
Yes absolutely. If you have ever been in retail you learn quickly that empty shelves mean that your price was too low.
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  #30  
Old 05-13-2021, 02:31 PM
valleyguy valleyguy is offline
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Supply and Demand is a market mechanism to adjust supply to meet demand.

The recent gasoline shortage on the east coast is a perfect example. A pipeline is the cheapest way to get gasoline form the refinery in Texas to the consumers on the east coast. With the pipeline inoperative, alternative methods of delivery must be brought into play. Rail and gas trucks are the answer, but they are more expensive than a pipeline. A trucker (and there are a lot of independent ones) will move the gasoline at the right price, a higher price. At the right price the product will move to the east coast to increase supply.

It is not greed. It is the most efficient way for the market to adjust supply to meet demand. As the market adjusts, the supply curve moves down and a new price goes into equilibrium.

The only alternative to this is a centralized command making the decisions on how a market should respond. But the market is complicated and has many players, hard for one authority to influence and control effectively. That's why Socialism and Communism don't work for managing and controlling a market.

I know there is criticism of people that raise prices for staples like water during a crisis like a hurricane. Greedy! However, doubling the price of water will ensure that there will be a quick resupply of water to the area with higher prices. The alternative is to run out of water and wait till the government sends in emergency supplies, but I guarantee that the government will be MUCH slower than the alternative of using higher prices. Again, these price increases are temporary until normal supply lines are up and running.

That's why we are a market economy.
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