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How could it not be? If the price goes up, supply goes up and demand goes down. But "demand goes down" means that the places that can't afford to pay the new,
by AnimalMuppet 3y ago
How could it not be? If the price goes up, supply goes up and demand goes down.
But "demand goes down" means that the places that can't afford to pay the new, higher price go out of business. And that's all right - they're the least (economically) valuable use of those resources. Maybe the "crisis" we're seeing is places that can't raise the price they pay, and haven't gone out of business yet, desperately trying to find people at the price they can pay, and not finding any. Well, your choices are simple - pay them, or don't get them. If you can't or won't pay them, there's only one option left...