Something to think aboutHere is another way to look at it. What happens when housing prices are high? You have a smaller market of consumers and in every business you need consumers to increase profits. When they drop to a reasonable price, house sells go up. Construction goes up and so on. What happens when a new tech product comes out. I remember when VCRs first came out they were $700. Very few could afford them. Then when they dropped in price they became a household item.
What happens at the grocery store. Safeway is a high priced store. When I go by there very few shoppers. Loblaws/Superstore lower price store. This store is always packed. I worked in pharmacies for years in the dispensary. There were many people who needed prescriptions filled and could not afford what they needed and did without. So if brand X prescription what $100 & we sold 25 a month. Then brand X dropped their prices to $50, we then would sell 100 a month. Yes we had to sell more, but it increased our sells, increased traffic into our business for those add on sells also. So are drops in prices all that bad, I personal think NO, not from what I see how it drives sales up.