On Fri, 30 Mar 2007 07:45:13 -0500 John Hasler <[EMAIL PROTECTED]> wrote:
> Paul Walsh writes: [snip] > > Then again, why is it that wholemeal bread "with nowt taken out" (thus > > presumably requiring less in the production process) costs more than > > white bread? > > Because you are willing to pay more for it. > -- > John Hasler Doesn't basic economics dictate that given competition, the equilibrium price is determined by both supply and demand? Even if I'm willing to pay a great deal, if the cost to produce the item is low, competition should drive down the price. Are you implying that the market is a monopoly or oligarchy? Celejar -- To UNSUBSCRIBE, email to [EMAIL PROTECTED] with a subject of "unsubscribe". Trouble? Contact [EMAIL PROTECTED]
