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To: Chilldoubt

No. Price is determined by competitive supply and demand in the market.


296 posted on 08/27/2004 4:34:32 PM PDT by Willie Green (Go Alan Go!!!)
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To: Willie Green

right- but prior to a product entering the market, its price is affected by a retailer's costs (raw materials, utilities, wages, etc.)
retailers' costs are considered when pricing...
why are taxes not considered a cost to be paid but light bills are?


298 posted on 08/27/2004 4:48:02 PM PDT by Chilldoubt
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To: Willie Green

"No. Price is determined by competitive supply and demand in the market."

So supply and demand exist independently of cost?


338 posted on 08/27/2004 7:13:10 PM PDT by phil_will1
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