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> If price is able to select the buyer, then you can't possibly have a shortage. unless you cannot produce regardless of the price. This is sometimes called a
by chii 3y ago
> If price is able to select the buyer, then you can't possibly have a shortage.
unless you cannot produce regardless of the price. This is sometimes called a market failure.
And it recently did happen, during covid. A lot of goods went up in price - and even then unable to procure it regardless.
- randomdata 3y agoWhat do you mean unless? If no amount of money can produce something then you cannot select a buyer based on price. You have not found an exception. You're parroting the rule.