₦airaland Forum

60% of the Nigerian population are fasting, meaning that no one is eating. This should make prices lower because the seller will want to sell out his goods because no one is buying.

But that is not the case here. Instead the prices are going up because people are still eating.

I need an explanation for this.

It's Nigeria we are in
Anything to earn more cash

it's because we are buying spicy one and stock up. everyone wants to change test during the period.

Charleys:
60% of the Nigerian population are fasting, meaning that no one is eating. This should make prices lower because the seller will want to sell out his goods because no one is buying.

But that is not the case here. Instead the prices are going up because people are still eating.

I need an explanation for this.

Lol... Muslims eat more nutritious and expensive food during Ramadan, also most of the northerners don't produce or sell foodstuff during Ramadan as they take the whole month off commercial activities.

There is only one thing that can push up the prices of goods and services- that's if the demand is greater than the supply. An increase in demand without corresponding increase in supply will lead to an increase in prices of goods or services as the case may be.

tolufase:
There is only one thing that can push up the prices of goods and services- that's if the demand is greater than the supply. An increase in demand without corresponding increase in supply will lead to an increase in prices of goods or services as the case may be.

Which means there's no fasting then.

This is happening this year again.


Why?

Not during the Ramadan only, it happens during Christmas and new year as well.