Econ in the Memes: Why Do Salads Cost More Than Hamburgers?

in #economics8 years ago

asddsa

Real quick

Just taking this at face value... a lot of people will tell you the obvious reason is because the costs to bring a salad to market are much higher than the cost of a burger. While that may be true, it's not the cause of the price difference. Prices are determined by the individuals voluntarily opening their wallets. If a salad cost five times as much to bring to market and they were sold for $35 but nobody wanted to spend that much on a salad (opting to buy the individual ingredients instead), guess what, you're not going to see $35 salads on any shelves or restaurants.

Sort:  

Congratulations @cbro! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 62848.40
ETH 2467.65
USDT 1.00
SBD 2.63