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Econ 101 supply-demand models have some assumptions (like a competitive marketplace) that don't really apply in your examples. It works great for fungible produ
by ksherlock 6y ago
Econ 101 supply-demand models have some assumptions (like a competitive marketplace) that don't really apply in your examples. It works great for fungible product like toilet paper, not so great when there's only one provider of an item.