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Higher prices may encourage hoarding, as people might see the higher prices as a sign of scarcity and want to buy as much as possible before prices increase fur
by daveFNbuck 7y ago
Higher prices may encourage hoarding, as people might see the higher prices as a sign of scarcity and want to buy as much as possible before prices increase further or stores run out.
- logicchains 7y agoBut they also decrease hoarding in that the higher the price, the fewer items people can afford to buy and hoard.
- sova 7y agoHoarding is a temporally displaced behavior that begins before crisis happens. Artificial scarcity is created in pockets spurned on by time itself. Artificial Scarcity is capable of riding Real Demand as long as Real Demand exists.