A Boring Dystopia

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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

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givesomefucks@lemmy.world

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Wouldn't this mean that a majority of patients that need this are unable to buy it? Meaning that there's less customers? Just a thought (lemmy.world)

submitted 1 month ago by MECHAGIC@lemmy.world to c/aboringdystopia@lemmy.world

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[–] finitebanjo@lemmy.world 26 points 1 month ago

Theres an economic theory used to set prices called Supply:Demand Equilibrium wherein you maximize profit by calculating a curve and generating a table where the axis are number of buyers and price bought at.

If the good is a necessity then you can expect a large number of people will buy it regardless of how high the price is, if they have the money, giving the incentive to set the prices higher despite having less demand at that price range.