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A comment on Skimpflation: A reason inflation is worse than the government says it is. Parent comment
The price of a big mac obeys supply and demand.
The actual cost of producing it is but one factor in many in the final price, and likely not the most important.
Where the hump is in the price vs actual volume of Big Mac sold curve actually is what matters.
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The price of a big mac obeys supply and demand.
The actual cost of producing it is but one factor in many in the final price, and likely not the most important.
Where the hump is in the price vs actual volume of Big Mac sold curve actually is what matters.