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| 30 Jan 2013 04:45 PM |
| Well, I wonder if it would be better for it to be raised or lowered (Not saying either of them are better than 6$) Well, (Again, not saying they really SHOULD do this) If BC was 4$, more people would buy but less profit, 8$, less people but more profit. |
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AquaX
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| Joined: 24 Jul 2009 |
| Total Posts: 1667 |
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rp069
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| Joined: 22 Apr 2011 |
| Total Posts: 6206 |
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| 30 Jan 2013 04:52 PM |
| I'm fairly sure he posted it for contemplative argument. Although they won't change their prices because they're good as is. |
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| 30 Jan 2013 05:36 PM |
| Demand would *probably* increase (it is so cheap anyway it might not), but elasticity would probably state that total revenue would decrease because of this. Plus I would consider BC to be a neutral good, not affected by someone's income, like normal and inferior good are. No. |
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| 30 Jan 2013 05:49 PM |
| $5 and $4 isnt that much of a diffrence. |
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rp069
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| Joined: 22 Apr 2011 |
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| 30 Jan 2013 06:05 PM |
| Neutral good my bottom! BC is chaotic good. |
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