• Adalast@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    21 hours ago

    Sooo… Consumer prices on rice products will come down then? </s>

    I understand the economic theory, I am honestly just a jaded ass at this point. It will be great if supply prices come down and restaurants don’t pay as much for the rice, but consumer prices will always be downward inflexible, so they will just pocket the extra profit and we are still shafted. Some places may lower prices to attempt to compete more, but not by as much as their margins increase.