I’m not an economist, but whlouldnt manipulated prices drive things more toward fair market value?
A crusty menu meant to last a year is more likely to overshoot prices to cover market fluctuations that occur during that year. At least this is how I think of it.
Other than gasoline and expensive fish, we don’t really pay true market price for anything. That would be chaos and I’m not sure why any consumer would want prices to fluctuate that often.
If anything they will use corrections to drive the price up, not down. The only way prices would come down is pressure from competition, without that a reduction in business costs would just mean more margin for the owner.
I’m not an economist, but whlouldnt manipulated prices drive things more toward fair market value? A crusty menu meant to last a year is more likely to overshoot prices to cover market fluctuations that occur during that year. At least this is how I think of it.
Other than gasoline and expensive fish, we don’t really pay true market price for anything. That would be chaos and I’m not sure why any consumer would want prices to fluctuate that often.
If anything they will use corrections to drive the price up, not down. The only way prices would come down is pressure from competition, without that a reduction in business costs would just mean more margin for the owner.