LogFAQs > #983995694

ReturnOfFa posted...

getting rid of pennies won't eliminate 9 cent ramen.

Depends how it's implemented. With regular rounding, probably not. If rounding down becomes standard, though, selling it for 5 cents instead of 9 cents is actually a pretty huge loss, so I'd expect it to become 10 cents instead, in which case consumers relying on that as a major staple of their diet would see their food budget balloon by 11%. On higher prices, having to round from $X.99 to $X.95 isn't a big deal and I'd expect retailers to absorb that in exchange for what they save when people pay cash (credit cards usually charge 3-4% per transaction), but below a dollar, that would incentivize retailers to make sure everything was priced to a multiple of 5 cents, most likely increasing prices to achieve that.