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> When I think of "suppressed" demand, I think of economically useful demand that needs to exist. Are you certain this isn't just your own personal view? Just
by dataflow 3y ago
> When I think of "suppressed" demand, I think of economically useful demand that needs to exist.
Are you certain this isn't just your own personal view? Just casually double-checking on the internet, I don't see "economically useful" as part of any definition. It seems to be all about "willingness and ability to pay" for a good or service, as useless as it may be.
- bluGill 3y agoIt is economically useful in the subjective eyes of the person who wants to do that. Since it isn't an objective measurement we don't talk about it in economics, but willingness and ability to pay are proxies for it.