Should I sell a Wii U on e-bay?

[wfz]

Train wreck said:

wfz said:

Max King of the Wild said:

IIIIITHE1IIIII said:
That depends on whether you are willing to take money from the pockets of your fellow human beings.

Its supply and demand. They are willing to by a product at a certain price. I take money from Target when I work. I take money from fellow human beings when I sell a car. I take money from Marquette when I go to school. I'm not forcing them to give me money. If they can afford it and want to spend their money on it that is their right.

The idea here is that you are a completely unnecessary middle man, ripping the console away from the market only to offer it back at a higher price. You're giving no added value to the exchange.

It shows a lack of decency for your community/fellow humans. It really depends on your morals, though. If you see no issue with it, and you want to make a quick buck, then you are legally fully allowed to do such.

Thats the thing about markets, they are imperfect.  Him selling it on ebay will match some buyers price, it could be that Mom who promised her son that she would get one and increased her personal utility amount she was willing to pay to get it.  They both win in the end.

By your logic, everything should be increased to the maximum price consumers are willing to pay in order for everyone to "win."

The truth is that he is stepping in as a middle man, offering no extra value to the product, and is merely seeking to take scarce items away from the economy only to reintroduce them at higher price points so he can take advantage of people's willingness to pay. This can be seen as a moral issue for many people - but clearly not for all.

 

Next time you want to use your limited knowledge of economics, remember that utility is what you gain from a product or service, not what you are willing to spend. You worded it incorrectly.