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Some "Law"
(lemmy.world)
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this post was submitted on 26 May 2024
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The textbook intro examples of the law of supply and demand aren't even true in practice.
They're all like "prices on ice cream will rise when it's hotter out so there is more demand for it!" and I have never found that to be true at fucking all.
That and I've never seen prices ever go down for any reason whatsoever unless it's some already volatile thing like oil/gas.
Coke invented a vending machine that would automatically raise prices as the temp went up, but there was outcry after its announcement so it was never released
https://theuijunkie.com/coca-cola-variable-pricing/