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It's not him/her being defensive, it's basic economics that shouldn't have to be explained...
by pertymcpert 7y ago
It's not him/her being defensive, it's basic economics that shouldn't have to be explained...
- afpx 7y agoSometimes one has to understand intermediate economics .... For instance, in cases of inelastic demand and low liquidity (like housing), if prices are pegged at a maximum that buyers can pay, the actual equilibrium price could be much higher. In that case, a small amount of extra supply will not lower prices.