Originally posted by Playa
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There is an entire field of economics devoted to "pass-through" and elasticity of prices.
Just because the price of pickles and mayonaise rises 10% does not mean that McDonald's and Burger King and Chic Fil A will increase the price of their sandwiches.
A 20 piece nugget has been $4.99 for 20 years now.
I learned a lot working with a team of Econometricians and figuring out the retail cost pass-through for iPhones and various other commonly used electronics.
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