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How To Crash The High Prices Of Items In The Market - Politics - Nairaland

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How To Crash The High Prices Of Items In The Market by Nefort: 8:50am On Apr 20
I see people complaining that the prices of items in the market still remain high despite the fact that the dollar price has depreciated. I even read somewhere that the government is trying to intervene which I found amusing. This is actually a problem that can easily be solved by market forces if the right steps are taken by the public. The following steps can be taken to ensure prices of items stay at the optimal level:

1. Don't be loyal to any seller

Whenever you want to purchase any item it is recommended to check different sellers of the same item and figure out which seller offers the best price. Seller A can offer a better price than seller B. If you are only loyal to seller B then you will keeping getting the same high price from seller B.

2. Give feedback to other sellers

Whenever you want to buy and item and you visit seller A, seller B and seller C, if seller C gives you the best price please try and give seller A and seller B a feedback if possible to inform them that you got the item at a better price. This feedback will draw the attention of other sellers to the price competition and will make them adjust their prices accordingly to stay in business. For instance I visited the market to buy an item and I made price inquires from 3 different shops or more. After I got a better a price from one of the sellers I passed through the stores of other sellers to inform them I have bought the item at a better price. Giving them price feedback makes them reconsider their own price to stay in business.

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Re: How To Crash The High Prices Of Items In The Market by Obainoman6: 10:46am On Apr 20
E get one mama wey i dey stumble upon for inside inside street, this mama still dey sell her market for old price, stuffs like detergents, bathing soap, tea and stuffs. Omo when i got home i returned back and shut the whole place down, she was asking me i said i was traveling she didn't know i was playing smart.
I bought a lot of things for like half the current price.
Big viva sachet detergent for 400 naira, her bathing soaps were still 350 for big premier soap, even her Lipton and razor blade were 50 naira per one, i bought a lot and exhausted all my cash there, somehow i know by the time she goes to the market to buy new stock she will be shocked!

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