Reply to Why are flights being cancelled from Florida today?

Forum Index » Off-Topic

Reply to "Why are flights being cancelled from Florida today?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm certain a computer program set to increase fares as demand increases can also set a cap on prices. Thus avoiding price-gouging. It's exhausting explaining this to people who lack a rudimentary understanding of computer programming. [/quote]

Why shouldn't prices rise to meet demand? Price mechanisms are a signal to the market that it needs to increase supply.  Think about Uber and its surge pricing.  When demand increases, Uber increases prices to entice more drivers onto the road to meet the increased demand.  Increasing prices for flights should, if you believe the iron laws oof economics, induce airlines to increase flights where demand is highest.  This is the same for other commodities. Water supplies are low, prices rise, market players respond by increasing the amountof water available on the market, stabilizing prices.

See John Stossel:

http://www.theledger.com/opinion/20170906/stossel-case-for-disaster-related-price-gouging[/quote]
See "humanitarian-related reasons" if you can find them in your book. And yes, I understand economics. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics