3 ms·
Prices for scarce resources with high marginal costs (eg: desirable housing) rise. You can’t cheaply make more. Prices for resources with high plant costs and
by danielheath 6y ago
Prices for scarce resources with high marginal costs (eg: desirable housing) rise. You can’t cheaply make more.
Prices for resources with high plant costs and low unit costs do not, to anything like the same degree - medicine, consumer electronics, food.