You CAN raise prices in a recession

Talked to my local used car dealer today.  He reports that you simply can’t find used cars to sell for less than $5000 these days.  He even says that he’s selling cars for $5000-$6000 now that before the recession he’d have had to sell for 30% less!

Proving, once again, that the law of supply and demand is a universal law that can’t be repealed or legislated away.

Ralph

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