(Jun. 18, 2019 5:47 PM)Suhasini Wrote:Haha, I'm not doing economics in school, although it is kinda interesting...(Jun. 18, 2019 7:32 AM)ThePheonix Wrote: Is it illegal to sell something for a higher price than it already is? FOR EXAMPLE: Beyblades on eBay and Amazon? (I think that this doesn’t count as Beyblade related...) Because as far as I know, there is something known as the MRP, that’s maximum retail price. If you sell it above, it’s a down for the customer and an unfair profit for the retailer. But I’m not sure, so I’m asking.Class 10? Economics-Consume Rights? Sorry, I had to ask, hope you don't mind.
Well, the seller obviously is cheating on you, and it is against your rights. In India, rules nd regulations are not that strong in E-commerce, it's not intentional from the government's side, but it's just that no light has been shed on this topic. If a seller sells you goods at a price higher than the MRP, you has every right to go to the consumer court. So it is kinda illegal. I bought Dragoon at Rs. 799 and the seller cleverly cutthe MRP, I knew th actual price was Rs599, they simply misuse your soft spot for the item. But if you look at it from a different perspective, their livelihoods depend on it, so eventually,it is a human tendency to think of earning some profit.
And I agree with what you said there, it is really a human tendency, though against the law. But do these rules still apply with international consultations? I understand that you'd have to pay extra to import something from abroad, due to logistics, customs, etc. But if the price of the actual product is increased, and the extra customs are yet to be paid, doesn't that really make things messed up?