hirako2000 8 hours ago

There is a chef, he opens a restaurant. Delicious food.

It costs him more in ingredients alone than he charges. He even offers some pseudo unlimited buffet, combo sets, and happy hours.

He announced a new restaurant, apparently it will be even better, so good he's a bit worried. He makes sure to share his worries while he picks a few select enterprise for business parties and the likes.

In the meantime he cracks down on free buffet goers who happen to eat too much, and downgrades all ingredients without notice to finally hope to make a profit.

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MattRix 6 hours ago | parent | next [-]

This is close, but the real problem isn’t that the food is underpriced, it’s that the supply of ingredients is severely limited.

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stri8ted 3 hours ago | parent | next [-]

Those are the same thing

	▲	greycol an hour ago \| parent [-]
		They are not if there aren't customers who are willing to pay more. For instance imagine a widget that lasts 1 year and is just under 1/2 the price of one that lasts 2 years. There may be high demand because it's the more economical option. If you raise the price so that it's 1/2 the price of the 2 year widget then demand collapses without effecting supply.

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JackYoustra 3 hours ago | parent | prev [-]

Is this not the same thing?

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embedding-shape 7 hours ago | parent | prev [-]

Pretty much capitalism in a nut shell, yeah.