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That's not a sound way of thinking about economics. Seeing that a certain level of supply remains stable over time tells you a great deal about the amount of d
by CPLX 10y ago
That's not a sound way of thinking about economics.
Seeing that a certain level of supply remains stable over time tells you a great deal about the amount of demand present.
Of course it does. Much like looking at the skyline allows you to make some basic assumptions about aggregate demand for office space in Manhattan versus Kearney, Nebraska.
- deleted 10y ago[deleted]
- grkvlt 10y agoExcept where it doesn't work, such as in the restaurant business, where some non-trivial percentage of the supply is superfluous and will go out of business. Of course, they will be replaced, so there is an argument that it is at least stable, even despite the high turnover - perhaps that's what you're meaning?