--- title: "Meaning & Key Takeaway of: Increasingly prices are set by sellers to…" description: "\"Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.\" — William Vickrey" image: "https://sms4smile.com/quotes/i/b7c/william-vickrey-23056_gains_increasingly-prices-are-set-by-sellers-t_2381312.png" --- # Increasingly prices are set by sellers to raise their… ![“Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.” quote by William Vickrey](https://sms4smile.com/quotes/i/b7c/william-vickrey-23056_gains_increasingly-prices-are-set-by-sellers-t_2381312.png) [Download](https://sms4smile.com/quotes/i/b7c/william-vickrey-23056_gains_increasingly-prices-are-set-by-sellers-t_2381312.png) [Open image](https://sms4smile.com/quotes/i/b7c/william-vickrey-23056_gains_increasingly-prices-are-set-by-sellers-t_2381312.png) > “Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.” [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Sellers may raise prices without losing sales enough to erase profit, exploiting price inelastic demand. **In simple terms:** Sellers can increase prices without losing customers if demand is inelastic. Key Takeaway Watch for price‑elasticity when setting prices. Themes economics pricing market power Mood analytical cautious Type economic strategic When to use this quote - retail pricing - online marketplaces - subscription services Key Concepts price discrimination elasticity consumer behavior Questions to Reflect On - How does consumer choice affect this strategy? - When does higher price hurt long‑term brand loyalty? A Different Perspective Assumes consumers cannot easily switch or find alternatives. ★ ★ ★ ★ ★ No ratings yet [Gains](https://sms4smile.com/quotes/about/gains/) [Increasingly Prices](https://sms4smile.com/quotes/about/increasingly-prices-5898331/) [Loss](https://sms4smile.com/quotes/about/loss/) [Prices Set](https://sms4smile.com/quotes/about/prices-set-5898333/) [Raise Prices](https://sms4smile.com/quotes/about/raise-prices-943953/) [Raises](https://sms4smile.com/quotes/about/raises/) [Sellers](https://sms4smile.com/quotes/about/sellers/) [Sellers Raise](https://sms4smile.com/quotes/about/sellers-raise-5898330/) [Set Sellers](https://sms4smile.com/quotes/about/set-sellers-5898332/) [Sufficient](https://sms4smile.com/quotes/about/sufficient/) [Wipe](https://sms4smile.com/quotes/about/wipe/) ## Related quotes > [I asked one retailer, I said, "Let me ask you, are you going to raise prices next year?" 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