Once upon a time...
In both cases, the high prices (then justified as a result of the shortage of raw materials)... remained the same. So what happened to the Law of Supply & Demand?
- a bottomless cup of coffee in a restaurant cost 25¢. Then there was a really bad shortage of coffee... and the price went up to $1.00. A year later... the coffee crop was back to normal and has remained stable since.
- a candy bar cost 10¢. Then there was a really bad sugar shortage... and the price went up to 75¢. A year later... the sugar supply was back to normal and has remained stable since.
I'll tell you what happened. The sellers saw that everyone was willing to pay $1.00 for a 25¢ cup of coffee and 75¢ for a (smaller) 10¢ candy bar.
I no longer get coffee in a restaurant... nor do I buy candy bars.
I'm all for making a reasonable profit... but rip-off is not my idea of reasonable. Please... don't tell me it's inflation - 400%? 750%?