Economic question: if the economy improves in the future, for instance inflation is eliminated, will prices of goods go down? - The Great Awakening - Where We Go Qne, We Go All!

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Economic question: if the economy improves in the future, for instance inflation is eliminated, will prices of goods go down?

posted 89 days ago by Dumbpassword 89 days ago by Dumbpassword +37 / -0

We just spent $100 for lunch at Chili's. Would Chili's ever lower the price of their hamburger to pre-inflation prices?

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– TheGr8Pumpkin 12 points 89 days ago +12 / -0

They will have to when competitors have lower prices. And new business start popping up giving better value.

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– BurnNewHistoryBooks 5 points 89 days ago +5 / -0

Economics 101. Supply and Demand.

I bought Thomas Sowell’s book, waiting for it to arrive.

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– TheGr8Pumpkin 3 points 88 days ago +3 / -0

Good choice. Competition is the backbone to a great economy under capitalism.

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