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> having a strong consistent supply increased demand This is a very pronounced effect across all sectors of the economy. It's really not that surprising. It's
by RugnirViking 6y ago
> having a strong consistent supply increased demand
This is a very pronounced effect across all sectors of the economy. It's really not that surprising. It's similar to the old traffic engineering adage that expanding highways expands traffic in equal measure - such that it is often futile to add extra lanes to existing congested roads.
When something becomes cheaper/easier to use, demand often rises to the point that the new equilibrium is similar to the old one, as new opportunities open up to use X product that were previously unexplored due to constrained supply