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You can't control for other factors in an economy. Every economic textbook will have a demand and supply graph, it's not hard to see what happens when you fix
by megous 7y ago
You can't control for other factors in an economy.
Every economic textbook will have a demand and supply graph, it's not hard to see what happens when you fix a price arbitrarily and shift the demand curve in that graph to simulate a higher demand. Demand and supply no longer meet -> shortage.