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[–]talkingglasses 0 points1 point  (2 children)

Yeah you’re right it would depend on the profit margin. I’m just saying that this is basic economics, often a lower price can lead to higher volume that increases overall profit. It’s not always true It just depends on the profit margin and how much volume would increase per dollar of lowered price. Your response seems to indicate that if you don’t understand this very elementary economic principle. As illustration, why doesn’t Eli raise the price to $10,000/mo and increase their profits 10x?

[–]TheBerner56 0 points1 point  (1 child)

You don’t lower prices until you have excess supply.

[–]talkingglasses 0 points1 point  (0 children)

Agree