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The issue is that production is inelastic compared to demand, so scalping provides no additional value and creates higher prices by making demand seem even high
by beckingz 5y ago
The issue is that production is inelastic compared to demand, so scalping provides no additional value and creates higher prices by making demand seem even higher.
- waterhouse 5y agoIt also creates an incentive for those unwilling to pay high prices to find ways to do without, or to delay their purchase until production has caught up.