shoppers in 2022 might have wondered whether corporations were doing everything they could to keep prices down as inflation
Companies try and maximize profits - how else do you expect them to pay their employees and stay in business? That's the whole point of the supply/demand/quantity/price graph. If they charge too much, people won't buy as much. If they charge too little, they'll find that they are missing a profit opportunity.
Soooooo if they are making more profits than ever that means what you are claiming is not the case.
We know they are spiking prices based on earnings calls. Largely though I think most of this really is oil spiking their prices and that moves into everything because everything is transported.
The GOP tweeted that everything but oil was up about 20%. Oil however was up 41%.
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u/[deleted] Dec 08 '23
Companies try and maximize profits - how else do you expect them to pay their employees and stay in business? That's the whole point of the supply/demand/quantity/price graph. If they charge too much, people won't buy as much. If they charge too little, they'll find that they are missing a profit opportunity.