This thread seems to involve many people who have taken ECON 101 and think it corresponds with reality. For example:
"If you got to a gas station near me, you can get a CR2032 battery for say 2 USD. If you got to a certain home decor/equipment store a mile away, you'll get 4 of these batteries for 1 USD. That's what, 8x more expensive for a relatively common product?"
This isn't a difference between .25ยข for 1 and $2 for one. It is the difference between $4 and a bit of a search for 1 plus three more to stuff in a drawer and $2 for one here now where you are. And $2 is the cost of, what, a couple ounces of coffee?
"If you got to a gas station near me, you can get a CR2032 battery for say 2 USD. If you got to a certain home decor/equipment store a mile away, you'll get 4 of these batteries for 1 USD. That's what, 8x more expensive for a relatively common product?"
This isn't a difference between .25ยข for 1 and $2 for one. It is the difference between $4 and a bit of a search for 1 plus three more to stuff in a drawer and $2 for one here now where you are. And $2 is the cost of, what, a couple ounces of coffee?
This is what ECON 101 calls irrationality.