Amazon is price-gouging Pixel XL buyers to the tune of over $1,500
I don't understand how people think this is wrong? The phone is selling at a higher rate than it can be supplied. Therefore price goes up because its obviously a desired good. Obviously whoever wrote the article has never taken an economics class before....
I don't think its wrong, it may suck for those who can't shell out the money (or who don't like having contracts either carriers) but this is how it works. If many people desire a good that is in low demand then the price of the good rises because people WILL and DO pay for their desire. If they wouldn't pay....the price wouldn't have risen...
I don't understand how people think this is wrong? The phone is selling at a higher rate than it can be supplied. Therefore price goes up because its obviously a desired good. Obviously whoever wrote the article has never taken an economics class before....
I don't think its wrong, it may suck for those who can't shell out the money (or who don't like having contracts either carriers) but this is how it works. If many people desire a good that is in low demand then the price of the good rises because people WILL and DO pay for their desire. If they wouldn't pay....the price wouldn't have risen...