Originally Posted by
GoldfishMan
There are so many things that affect prices that are beyond the supply and demand theory. In fact, the only type of product that I can think of where you can actually apply that theory perfectly 100% are fad/collectible items like beanie babies.
Anything else, there are other factors that affect prices. For punting, it sure as heck ain't a perfect curve.
As The Sampler rightly said, there are punters out there who can still afford to pay the high prices. Or there are punters who have made this hobby a compulsive habit, who punt even when they can't really afford it. On the other side, there are punters who are so financial stuck that even cutting prices by 50% they wouldn't punt.
Also need to consider, what are the alternatives to punting? Pull a girl on Tinder?
When the supply demand curve is so "noisy", then the shops will be asking "why would I cut my prices by 20% of it would not bring in more than 20% in sales volume?".