Quote:
Originally Posted by Sweetpea
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The difference between the "rich" and the "poor" is huge.
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Hm, not sure why this is relevant to my response to Cookie Monster, who argued, that:
"...The American market may be large but the median American has a relatively low income compared to many other developed nations hence the lower price.
In other countries prices are higher because that is what the market there can bear...."
I merely pointed out, that US "median household income" is rather hight.
Which in practice means, that those who fall below the poverty line, which is often calculated against median income, would likely have greater purchasing power, relative to countries with lower median income.
Which would suggest the opposite result relating to prices, to the one proposed by Cookie Monster.