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The law of supply and demand is not dependent on a free market. It is merely observance of the social dynamic between humans (as well as other living creatures!
by randomdata 3y ago
The law of supply and demand is not dependent on a free market. It is merely observance of the social dynamic between humans (as well as other living creatures!) that plays out when scarcity is a factor.
Indeed, in this case the scarcity is, at least in part, artificial, but the cost still comes down to supply and demand at the end of the day.