Law of Supply and Demand in real life
baking bread can be geeky?
We used to buy four loaves of fresh-baked bread at our grocery store every Monday night. They raised the price from .90 to 1.28 three months ago. We dropped down to buying only two loaves of bread each week.
After two weeks, there was a gap there that needed to be filled. But - we didn't like paying more for the bread, because over time, .68 a week (for no extra gain) adds up quickly. Instead, we invested a little extra money in yeast and flour. We now bake bread, biscuits or pizza at least twice a week. The price of the bread fell back to .98 cents last week. This Monday we still only bought two loaves.
Our demand went down. If we hadn't started making more of our own supply (which admittedly, took effort and investment), it probably would have went back up. But now, we spend that extra two dollars on a packet of yeast and a bag of flour.
So, maybe the store's net profit is the same (we are still spending two dollars, just not on bread), but our net gain has went up, as we can choose what to make, when to make it, and usually, make more than one thing out of it.
You might ask - but what about your time? Doesn't it cost you a lot because you could be watching TV or something? Isn't it a lot of hard work? Well... we are geeks. We don't watch TV - we appreciate things like the multiplication of yeast and analyzing different recipes. Breadmaking is hard work - but it is interesting hard work that involves natural chemical processes and that 'look what I did' phenomenon. :o) Who'd have thought baking bread was geeky?
After two weeks, there was a gap there that needed to be filled. But - we didn't like paying more for the bread, because over time, .68 a week (for no extra gain) adds up quickly. Instead, we invested a little extra money in yeast and flour. We now bake bread, biscuits or pizza at least twice a week. The price of the bread fell back to .98 cents last week. This Monday we still only bought two loaves.
Our demand went down. If we hadn't started making more of our own supply (which admittedly, took effort and investment), it probably would have went back up. But now, we spend that extra two dollars on a packet of yeast and a bag of flour.
So, maybe the store's net profit is the same (we are still spending two dollars, just not on bread), but our net gain has went up, as we can choose what to make, when to make it, and usually, make more than one thing out of it.
You might ask - but what about your time? Doesn't it cost you a lot because you could be watching TV or something? Isn't it a lot of hard work? Well... we are geeks. We don't watch TV - we appreciate things like the multiplication of yeast and analyzing different recipes. Breadmaking is hard work - but it is interesting hard work that involves natural chemical processes and that 'look what I did' phenomenon. :o) Who'd have thought baking bread was geeky?
posted by RheLynn at 6:31 PM
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