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8/01/2013

Gun buyback gets guns bought so that they could be turned in for even more money

Someone apparently bought BB guns for $120 each and then got $350 from the gun buyback.  In general, the buybacks could raise gun sales even indirectly because if you can sell your used guns for more it will increase how much you are willing to spend on the guns to begin with.
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1 comment:

  1. Dean Weingarten8/01/2013 7:34 PM

    Just to clarify, it was seven BB guns purchased for $120 total, to turn in for $350 total.

    As a real economist, John, wouldn't this increase the demand for new guns?

    Doesn't decreasing the supply of used guns increase the demand for new guns?

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