/biz/ - Business & Finance

>>52741348
>buyer decides to put a price cap on a product
Yes. We do this everytime in the marketplace
>Last time I checked suppliers set prices not buyers.
Last time I checked a good or commodity is worth whatever people are willing to pay for it
>Clearly customers can't walk into a store and set prices at whatever they want.
Customers can just walk into a store and not buy products with ridiculous prices so the seller has to adjust accordingly
>Customers don't tell gas stations how much a gallon of gas costs either.
Customers demand does, basic supply and demand