>So what you're saying is, they wouldn't have scaled production, so your entire proposition about why the price increase would be an effective means to alleviat

>So what you're saying is, they wouldn't have scaled production, so your entire proposition about why the price increase would be an effective means to alleviate the problem was false. Scaling production is not a binary yes/no thing; they wouldn't scale it so much that scaling back hurt them more than the profit they made from scaling gained them. Or to look at it another way, only the producers who could scale without "too much" cost would scale.