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Demand and supply dictates that if a product is expensive that's equivalent to there bring a shortage of it.
by tormeh 12y ago
Demand and supply dictates that if a product is expensive that's equivalent to there bring a shortage of it.
- steverb 12y agoWhich explains the critical shortage of Ferraris in my driveway.
- lappa 12y agoIs there a shortage of cruise ships? Perhaps cruise ships require many man hours and not-abundant resources to make. Perhaps software engineers require many man hours to make and intelligent people with a passion for computer science is a scarce resource. We can say "there is a food shortage" because a certain amount of food is necessary for a society to survive. The same can't be said of software developers. Also, if you argue a high price means it is scarce, does that mean there is a shortage of hedge fund managers and CEOs?