Originally Posted by snap7times
Last week on the way to Rocklin DGC down here in Rocklin *near sacramento*... I see the new gas station has a discraft sign out front. I pull in to see what they have just for kicks. The first disc I see on top is a Innova Star Destroyer and a Champ Valk next to it. They got like 4 different companies on 8 racks with a total of about 30-40 discs. I look at the prices on the destroyer and the valk and just about voiced outloud, 'OMFG are you serious'? I turn to the lady at the front and ask her if these prices are for real? She nods her head like "omg he just found a good deal", i was like, "lady, these discs sell for $12-$16, maybe as high as $18 if you really want to rip your customers off". She just got all firm on me "no, that is recomended price"... I laughed, "NO, this is not recomended price" looked through the rest of the discs and left... Some people really make me sick trying to rip people off.
So here are the prices.
Star Destroyer - $25.99
Champ Valk - $23.99
ESP Avenger - $18.99
X plastic*forgot which disc it was* - $13.99
Anyone else have a story like this?
I don't understand how anybody was "ripped off". How much of your money did she take? Was a gun used in this alleged robbery?
I have heard countless times that so and so is ripping people off because they charge too much. Guess what? We live in a free economy. Sellers are free to choose their price and buyers are free to choose where they want to shop. Another basic philosophy of our economy - Caveat Emptor (let the buyer beware). It is the buyer's responsibility to know what the fair price is for what he is buying, not the seller's.
Let's assume that your seller continues to sell Star plastic for $25.99. Here are the possible outcomes to that scenario:
- Shoppers buy discs at that price and the seller becomes successful and keeps prices at that level (or raises them). This proves that the market in that area is able to bear these prices.
- Shoppers find the price too high and refuse to buy discs from that seller (The market cannot bear the sellers prices). The seller is forced to lower his prices.
- Shoppers find the price too high and refuse to buy discs from that seller but the seller does not lower his prices. The seller eventually goes out of business.
Don't we have any Economics teachers on here? Somebody back me up, please.