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You should determine what your prices should be.... you can always lower or raise whenever you choose to...offering an item at a very low price does not get the item sold. As long as your prices are reasonable they will be bought if the buyer likes and can afford the item. Some associate a very low asking price with items that may be below par.
Great shop! Have you tried www.rolbe.com for calculating prices? There are many more expenses than just materials and time to make the item. They have an app there for etsy shops that has your 'fixed' selling expenses figured in.