Every purchase is a reverse valuation: you value the product more than your money, and the seller values your money more than the product. If the product costs more than you value it, you don’t buy it, and the seller decides either to keep the product or offer it at a lower price.
Corollary: my Thanksgiving dinner is not going to cost more than last year’s; there are two items I had last year that cost more this year than I value them, and they will be in the store rather than on my table, and my wallet is no more empty than it was a year ago.
Common sense.
Thanks for posting this reality of business in America not communist country with one option if your are lucky.
“Every purchase is a reverse valuation: you value the product more than your money, and the seller values your money more than the product. If the product costs more than you value it, you don’t buy it, and the seller decides either to keep the product or offer it at a lower price.”
In America, no store nor any corporation has a gun aimed at your private parts forcing you to buy anything.
If their price is too high, just don’t buy it. Just buy something else or do without the item.
Each Monday our smaller version of a bigger chain grocery store has a Monday Sale on a lot of their brand of canned goods. So my wife puts a buy on my list and an estimate of how many cans of each item to buy. So we, have been loading up on good store brands and sometimes brand name products.
Our last two monthly Costco orders with a 2 hour delivery time after last item is ordered online, has been high in items where there were shortages during the Covid B$.
We are going to one of our son’s home for Thanksgiving dinner. He got tired of only 1 turkey and being frozen B$. He ordered a pre sliced ham.
There are no fresh cranberries for my specialty, and I just bought a couple of cans of cranberries.