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> Economics tends to pretend that more supply requires a higher price. No it doesn't. Shifts along the supply curve are due to changes in price, but other fact
by newaccount456 7y ago
> Economics tends to pretend that more supply requires a higher price.
No it doesn't. Shifts along the supply curve are due to changes in price, but other factors can shift the entire supply curve to the right or left. This is like day 1 of Economics 101.
- CryptoPunk 7y agoYes, the primary effect of capital formation is to shift the supply curve to the right, leading to more supply at a given price.