3 ms·
Thanks for the explanation. The supply has become crappier while demand stayed the same.
by Ericson2314 7y ago
Thanks for the explanation. The supply has become crappier while demand stayed the same.
- echelon 7y agoDemand has decreased. The curve of constant demand with decreased supply pushes the price higher.
- manigandham 7y agoSupply and demand have stayed the same in quantity, but the quality of both has dropped severely. It's the same equilibrium but at a much lower price point.