Re:I Like That the Boat Is Stuck
by randomsearch on Monday March 29, 2021 @10:13AM
(#26621877)
Same. I did notice however that prices went up across the board, and some generic products appeared that I hadn’t seen before.
The biggest difference (in the U.K.) is that almost all offers, discounts, disappeared. Effectively a temporary price hike.
So I concluded that probably my mistake was to underestimate the power of the market to regulate demand through higher prices. I can imagine people who stockpiled initially wouldn’t have been so keen to fill the trolley once the prices of some products doubled.
The biggest difference (in the U.K.) is that almost all offers, discounts, disappeared. Effectively a temporary price hike.
So I concluded that probably my mistake was to underestimate the power of the market to regulate demand through higher prices. I can imagine people who stockpiled initially wouldn’t have been so keen to fill the trolley once the prices of some products doubled.