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I thought supply had to cater to demand, but if they're all emergently colluding...
by stainforth 6y ago
I thought supply had to cater to demand, but if they're all emergently colluding...
- Aerroon 6y agoThere's always a bit of the opposite effect too. If supply of something is extremely low, then people eventually stop looking for it. People might want the object, but they might not express that desire if the supply is next to non-existent.
- AshWolfy 6y agosupply shapes demand as much as demand shapes supply
- pnt12 6y agoThere was an economist who was walking down the street with a friend. The friend stops and says, "Look, there is a $20 bill on the ground!" The economist turns and coolly replies, "Can't be. If there was a $20 bill on the ground, somebody would have already picked it up."