this post was submitted on 03 Oct 2023
168 points (97.7% liked)
Television
4964 readers
1 users here now
Redirected - Please see !showsandmovies@lemm.ee
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You can’t really price gouge goods with elastic demand though, where demand rises and falls with the price. Luxury goods like streaming services even doubly so because they are in no way, shape, or form necessary things. If people pay the price for a luxury good that they don’t need, then by definition it’s a fair price.
Netflix isnt a necessity. Don’t like the price, don’t buy the service. It really is that simple.
Also, price gouging is only illegal in the US for necessities in declared civil emergencies.