price gouging only applies to items of necessity such as bread, milk, gas etc... If people want to buy something when demand is high and supply is low they will pay a premium for it. Simple supply and demand at work. You may not like it, but it is what it is. People that are selling them now at elevated prices are gambling that they'll be able to buy them back when/if prices drop back down to normal. Those that paying the elevated prices are gambling that the prices will not fall.
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Originally Posted by cjw3
Supply and demand.....how does it work?
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