4 ms·
Doesn't change the analysis re: supply and demand. Just changes to a discussion of the middlemen as a supplier.
by gwright 7y ago
Doesn't change the analysis re: supply and demand. Just changes to a discussion of the middlemen as a supplier.
- jiofih 7y agoIt invalidates what you mentioned re. the entertainer avoiding a certain location due to price control. And btw, price control in this case means “no resale above ticket price” or something similar, not the government controlling the pricing itself. The supply is fixed so there can’t be a shortage (except when it’s caused by price gouging performed by middlemen).