Title: Mooncakes
Description: Why?
Magicdow - September 27, 2006 01:10 AM (GMT)
I've got some questions that has been bugging me for years.
Why are mooncakes so expensive during the mooncake season?
Why are mooncakes with york so much more expensive? Afterall, salted eggs are cheap.
The mooncakes don't fall into the supply/ demand theory too. No doubt the demand is high but the supply is even higher. You can always see a price drop on the unsold mooncakes after the festival.
Maybe its the secret Mooncake cartel's doing <_<
Maybe consumers should stop supporting them :D .
Markiebeth - September 27, 2006 02:26 AM (GMT)
Well such stuff is completely seasonal. The same theory that prices of fishes and Bak Kua during the Chinese New Year period tend to soar to extreme prices alongside other stuff like Mandarin oranges.
Not many people eat mooncakes during the non-mooncake festival so perhaps it is only fair that sellers make use of this once a year occasion to tap on us consumers. :)
[Ling] - September 27, 2006 02:41 AM (GMT)
| QUOTE (Magicdow @ Sep 27 2006, 09:10 AM) |
The mooncakes don't fall into the supply/ demand theory too. No doubt the demand is high but the supply is even higher. You can always see a price drop on the unsold mooncakes after the festival.
|
Oh my. Econs.
It'd be a non-price determinant on the demand side, I think. Seasonal products and stuff. DD shifts to the right, SS have to shift as well, new market equilibrium reached. Thus higher new eqm price and quantity as well. Heh!
Lefty - September 27, 2006 05:27 AM (GMT)
Maybe you shouldnt look at the demand and supply curves, so look at the price and demand curves, i think that during my 1st sem, i studied something like, e.g GUCCI Demand up as Price up.
Maybe it is the image of eating or buying mooncake? Like seasonal demand plus "Layman" as in consumer will always think that "if it is expensive, then the it must be good" kind of thoery.
For the egg yolk, haha, maybe its because it is more difficult to make a mooncake with the yolks, not the actual product but paying for the skills require to make it, just like magic, a deck of cards, a DVD, a book, lecture notes, is sooo cheap but it is the content that make it cost so much more. :)
yong_tianadeline - September 27, 2006 06:00 AM (GMT)
Its not just mooncakes.
Salted eggs and yam also have price increases during mooncake festivaL... Anyone realise that??
Though i would agree with Bernard. No reason i think, why the mooncakes should go up in price since i would tend to think that the lotus paste should be more expensive then the yolks...
So, what we should do is eat mooncakes during other times. Don't take it during mooncake festival. :P
A.
zomaziz - September 27, 2006 09:25 AM (GMT)
We're gonna screw the whole tradition thing at this rate. :lol:
Anyway, just wondering.
Mooncakes are... factory made, or hand made?
If they were factory made, the theory about how it's gonna be harder to fit in egg yolks into the cake wouldn't apply anymore.
neo23 - September 28, 2006 11:16 AM (GMT)
| QUOTE ([Ling] @ Sep 27 2006, 10:41 AM) |
| QUOTE (Magicdow @ Sep 27 2006, 09:10 AM) | The mooncakes don't fall into the supply/ demand theory too. No doubt the demand is high but the supply is even higher. You can always see a price drop on the unsold mooncakes after the festival.
|
Oh my. Econs.
It'd be a non-price determinant on the demand side, I think. Seasonal products and stuff. DD shifts to the right, SS have to shift as well, new market equilibrium reached. Thus higher new eqm price and quantity as well. Heh!
|
Whoa whoa.
Fully agreed.
Looks like all your mugging paid off, Ling.