Looks like beer at Neyland was a success

#51
#51
JMSqb11 said:
Price gouging actually makes sure that supply is available for all people. Especially in natural disasters like hurricanes. Every year you see people posting on twitter that local grocery store is charging triple for cases of water or gas. Well yeah they should. Guarantees the “burn rate” of supply is less compared to keeping prices the same so a few people can buy up all the supply. Smh
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Not necessarily, the higher cost speaks to the law of demand more so than supply.
The supply is x amount, in such a short time more will not be created, unless the store begins bottling water. Or they get more shipments which begs the question of a true disaster.

Basic, law of demand is that less will be demanded at higher prices, which on a basic level speaks to your "burn rate." However, looking at the definition of demand, the ability and willingness to buy a product. Ah, the ability is usually the more important aspect of demand. For example, I have lots of willingness for press box seats in Neyland but I probably don't have the ability to buy them.

So raising the price of bottle water does in fact make it available to less people due to their inability to demand the product.

BTW, I love beer(mic ultra isn't a beer) and at cheaper prices. The guy that commented on people willing to pay the price is probably the bigger problem than actual gouging.
 
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#52
#52
PoweredByTheT said:
Basic Economics...

1. Charge people for entry into an event...
2. Search people for any existence of consumable items
3. Force people to throw it away any consumable objects found for entry to event they paid for... to ensure that a monopoly on said consumables is in effect
4. Inflate prices for consumable objects that people were forced to throw away to 3-5x retail value (retail value already has a standard economical margin built in) it's a monopoly now, so really just charge whateverTF you want, people have to pay that if they want the product
5. If a person leaves the confines of the inflated market, they are not allowed re-entry

Supply and demand... capitalism at its best... let's defend it guys :rolleyes:

I'm gonna go take my daughter to see Santa... bye guys
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Not sure what there is to defend. It's an economic decision. It's cheaper to watch the game at the house. If you don't agree with it, you have the right to choose to not spend your money and not go.

Popcorn and Netflix is cheaper at home than at the theater.
 
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#54
#54
I40flyer said:
This is crazy, in a Disaster, there are people that can't buy anything, as their money etc. floated away, got burned up, etc. To charge anyone in this type of situation for water should be a crime- it is despicable. I'd be ashamed of myself for trying to profit off a bottle of water during a Natural Disaster. I suppose selling food to a displaced child would okay? I hope not.
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Once again, it’s simple economics. I guess you’re fine with a very small group of people hoarding up food and water in a disaster instead of letting the supply be available to everyone.

Price gouging is what keeps the supply available.
 
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#55
#55
VFFL@THE BEACH said:
Not necessarily, the higher cost speaks to the law of demand more so than supply.
The supply is x amount, in such a short time more will not be created, unless the store begins bottling water. Or they get more shipments which begs the question of a true disaster.

Basic, law of demand is that less will be demanded at higher prices, which on a basic level speaks to your "burn rate." However, looking at the definition of demand, the ability and willingness to buy a product. Ah, the ability is usually the more important aspect of demand. For example, I have lots of willingness for press box seats in Neyland but I probably don't have the ability to buy them.

So raising the price of bottle water does in fact make it available to less people due to their inability to demand the product.

BTW, I love beer(mic ultra isn't a beer) and at cheaper prices. The guy that commented on people willing to pay the price is probably the bigger problem than actual gouging.
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not raising prices ensures 1 person could in theory buy out all the supply in one transaction leaving it unavailable to everyone else. Price gouging has actually worked in Florida a lot during hurricanes. Sure it sucks to pay more but peiple would rather pay more for something than pay less for nothing.
 
#58
#58
JMSqb11 said:
Price gouging actually makes sure that supply is available for all people. Especially in natural disasters like hurricanes. Every year you see people posting on twitter that local grocery store is charging triple for cases of water or gas. Well yeah they should. Guarantees the “burn rate” of supply is less compared to keeping prices the same so a few people can buy up all the supply. Smh
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Shake your head all you want, but it gets stupid here sometimes with $25.99 prices on a case of water they usually get $3.99 for. Its not everywhere, but its definitely an issue. Its not "basic economics".
 
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#60
#60
Behr said:
Shake your head all you want, but it gets stupid here sometimes with $25.99 prices on a case of water they usually get $3.99 for. Its not everywhere, but its definitely an issue. Its not "basic economics".
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1 person takes all the supply while demand is still there. Only one way to stop that 1 person from hoarding and it’s basic economics on how to do it
 
#61
#61
Behr said:
Shake your head all you want, but it gets stupid here sometimes with $25.99 prices on a case of water they usually get $3.99 for. Its not everywhere, but its definitely an issue. Its not "basic economics".
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At $4 you see people loading the entire bed of their truck and stores are wiped out completely. At $26 people grab closer to what they need and more is available
 
#62
#62
JMSqb11 said:
Once again, it’s simple economics. I guess you’re fine with a very small group of people hoarding up food and water in a disaster instead of letting the supply be available to everyone.

Price gouging is what keeps the supply available.
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Your statement is ridiculous and foolish. During a disaster, you would set up for the sale of food and water, and emergency medical? During a disaster, people with plenty of money, may not have cash on them, they may be cold wet, tired, glad to be alive-you would sell them food and water? Believe what ever you like, but I hope you are never in a disaster, and if you are, I hope no one with a brain or heart denies you food or water because your funds were washed away-burned etc. Yours is one of the most Un Christian attitudes I've seen openly expressed.
 
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#65
#65
JMSqb11 said:
not raising prices ensures 1 person could in theory buy out all the supply in one transaction leaving it unavailable to everyone else. Price gouging has actually worked in Florida a lot during hurricanes. Sure it sucks to pay more but peiple would rather pay more for something than pay less for nothing.
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Raising prices does not ensure anything. It is not "theory" that one person could buy out all the supply, but in real life, A huge number of people could afford to buy out the entire supply. Limiting the amount purchased is more effective. For example, you can't purchase more than 2 cases of water at a time, rather than buy all (let's say there are 1000 for sale) that is for sale. But to sell basic staples such as Water and food during a disaster should be criminal. I'm glad I live in a country where during time of great need caused by natural disaster, Americans rush to help other Americans in trouble. Yes, there will always be money changers, and those that want to profit from the misery and misfortune of others, but they are what they are.
 
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#67
#67
utvolpj said:
At $4 you see people loading the entire bed of their truck and stores are wiped out completely. At $26 people grab closer to what they need and more is available
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A few years ago, after a disaster, I loaded my truck up with "$4" water, and headed that way, I found a church had set up and was Giving food and water to those in need. I unloaded my entire supply for $0.00. I was glad to meet another guy, who was doing the same thing, we've remained friends-making money from the misery of others reminds me of drug dealers.
 
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#69
#69
I40flyer said:
A few years ago, after a disaster, I loaded my truck up with "$4" water, and headed that way, I found a church had set up and was Giving food and water to those in need. I unloaded my entire supply for $0.00. I was glad to meet another guy, who was doing the same thing, we've remained friends-making money from the misery of others reminds me of drug dealers.
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Yet you just advocated for buying limits in your previous post
 
#70
#70
I40flyer said:
A few years ago, after a disaster, I loaded my truck up with "$4" water, and headed that way, I found a church had set up and was Giving food and water to those in need. I unloaded my entire supply for $0.00. I was glad to meet another guy, who was doing the same thing, we've remained friends-making money from the misery of others reminds me of drug dealers.
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While I 100% agree with you following the conviction of Christ's teachings about helping those that are less fortunate. I don't think we can use that as a defense against an economic business model. For good or bad intentions, a company is in business to make money. It's good that when we have horrible disasters, it gives us an opportunity to serve.
 
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#72
#72
utvolpj said:
Yet you just advocated for buying limits in your previous post
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I don't think selling food and water to people that are victims of a natural disaster is good in any way, I do not Advocate buying limits, I merely pointed out, the idea that raising prices is NOT the only way to ensure that a small number of people won't hoard the supply. To Be Clear, NO Advocating here, I do not advocate selling food and water to people that are victims of a natural disaster-not now, nor ever. I DO ADVOCATE distributing FREE of Charge food/water/medicine/shelter to Americans that are victims of a natural disaster. I hope this gives you a clearer understanding of my previous statments.
 
#73
#73
I40flyer said:
Your statement is ridiculous and foolish. During a disaster, you would set up for the sale of food and water, and I emergency medical? During a disaster, people with plenty of money, may not have cash on them, they may be cold wet, tired, glad to be alive-you would sell them food and water? Believe what ever you like, but I hope you are never in a disaster, and if you are, I hope no one with a brain or heart denies you food or water because your funds were washed away-burned etc. Yours is one of the most Un Christian attitudes I've seen openly expressed.
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Sorry dealing in reality is hard for you to do.
 
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#74
#74
I40flyer said:
Raising prices does not ensure anything. It is not "theory" that one person could buy out all the supply, but in real life, A huge number of people could afford to buy out the entire supply. Limiting the amount purchased is more effective. For example, you can't purchase more than 2 cases of water at a time, rather than buy all (let's say there are 1000 for sale) that is for sale. But to sell basic staples such as Water and food during a disaster should be criminal. I'm glad I live in a country where during time of great need caused by natural disaster, Americans rush to help other Americans in trouble. Yes, there will always be money changers, and those that want to profit from the misery and misfortune of others, but they are what they are.
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“Limiting the amount people can buy”....... love to socialism theme. Weren’t you just talking about Christian values?
 
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#75
#75
utvolpj said:
At $4 you see people loading the entire bed of their truck and stores are wiped out completely. At $26 people grab closer to what they need and more is available
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Yet, you advocated that only those that could afford $10/bottle for water should have any, in a previous post.
 
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