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Re:It's not a labor shortage – it's a wage and workers right... by jimmaswell on Monday September 06, 2021 @12:38PM (#28435421)
Small price changes don't necessarily always impact purchases, as in the example of the diner the other poster gave. You also wouldn't pass up a gum stick if it was 57 cents instead of 56, and you wouldn't buy more if they were 10 cents. There was a term for this in my economics class but I don't remember, essentially elasticity of demand is not always a perfectly continuous function in reality. Somewhere like Wal Mart might have the price figured out perfectly by their team of researchers but probably not most non-chain restaurants.

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