3 ms·
Econ 101: supply is finite, demand infinite. Increased efficiency of production means that demand will meet the new price point, not that demand will cease to e
by zdragnar 2y ago
Econ 101: supply is finite, demand infinite. Increased efficiency of production means that demand will meet the new price point, not that demand will cease to exist.
There are probably plenty of goods that are counter examples, but time utilization isn't one of them, I don't think.