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>> Now, you could raise prices to the point where you destroy demand Isn't that topic .. the first chapter of any economics 101 course? Supply and demand and h
by thegrim33 2mo ago
>> Now, you could raise prices to the point where you destroy demand
Isn't that topic .. the first chapter of any economics 101 course? Supply and demand and how they influence each other? You think after hundreds of years of economic study we don't have any sort of grasp on these absolute most basic concepts?
- vannevar 2mo ago>You think after hundreds of years of economic study we don't have any sort of grasp on these absolute most basic concepts? Nonetheless, even after all these hundreds of years of economic study, companies still make mistakes (and occasionally, commit fraud). And we still have massive economic crashes. If only everyone understood the "basic concepts", all of this would go away and we would achieve 100% economic efficiency at all times. What a pity.