Here is the short version:

"One year after the cPanel price hike, why shared hosting prices have not changed much for cPanel specific hosting"

(line shamelessly stolen and modified from post by @AnthonySmith below)

In June 2019, there was talk of huge impact of cPanel price increase on the shared hosting industry. One year later, that does not seem to be the case. What could be the reasons for it?

The Long version
It has been a year since cPanel hiked the prices. There were discussions about its impact on pricing of shared hosting, closure of hosting businesses, rise of alternatives, etc. But now I see on LE* and related forums that the pricing for shared hosting is back to the levels around May 2019, that is, before the cPanel hike. Using that time period because that is when I was introduced to the world of web hosting forums/ communities.

I am aware this is generalizing, but

I am seeing several offers in the sub- $ 10 range recently. Let us exclude outliers like a recent post on LET (the $7 shared hosting plan, cPanel, if you know where to look),

What could be the possible reasons for this?
a. State of the economies in various countries i.e demand and supply?
b. Other cost items for hosts are cheaper- bandwidth, disks, electricity...
c. the cPanel price impact was not as bad as it was projected to be
d. Lack of viable alternatives (I believe this may not be true)
e. Backdoor deals between cPanel and some providers, causing pricing pressure on others (collusion may be illegal in many countries but exclusive or preferential pricing is valid)
f. It's marketing gimmick, silly! Use the sub - $ 10/ year offers to increase new signups --> upsell --> profit!
g. Any others?

Edit:
1. here's a screenshot from WHT- Shared hosting offers as on June 28th 2020 : https://ibb.co/ZKCwGJZ
2. Fair points in comments below about impact on reseller hosting. That segment was not my original intent, was interested in shared hosting (as an end user). Therefore updated the title.