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What does "overpriced" mean?
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There are two ways in which I may call something overpriced:
- It's higher than wherever my expectations for the price were previously anchored
- I wouldn't buy it except for some extenuating circumstance, usually related to convenience, location, and time.
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The second one seems more useful as a definition
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was it a social media complaint, though? also, out of curiosity, is there an upper limit to how much you would pay for coffee before you would never buy it again?
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Does complaining about it on the Stacker Saloon count? :D
Well, for that particular shop, I didn't go there again. I found another place to sit down next time. Though, to be honest, it was as much because of the crowds as because of the price.
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I've complained about the price of coffee, that I still purchased, before.
I'd explain myself in this way: I still bought it because it was still worth the price for me. I needed a place to sit and work in a specific geographic location, and I was willing to buy an overpriced drink for that privilege.
What the complaint really reveals: the price increases are forcing a more difficult choice on me. Whether I choose to not buy the drink and look elsewhere, or whether I choose to buy the drink, my utility is worse off than it was before due to the price increase.