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"Any first year Economics Undergraduate learns that prices rise when quantity demanded outstrips quantity supplied." And very quickly after that, if they stay
by s73v3r_ 8y ago
"Any first year Economics Undergraduate learns that prices rise when quantity demanded outstrips quantity supplied."
And very quickly after that, if they stay in the program, find out that Econ 101 is highly simplified, and things are much, much more nuanced than that.