Attributing price changes to “supply and demand” doesn’t mean it’s being attributed to both (ie supply changes and demand changes), simply that there is now a mismatch between the two
In this case, if supply remains the same, but demand decreases, then the price will go down until they are in equilibrium again
Attributing price changes to “supply and demand” doesn’t mean it’s being attributed to both (ie supply changes and demand changes), simply that there is now a mismatch between the two
In this case, if supply remains the same, but demand decreases, then the price will go down until they are in equilibrium again
In a terrarium economy. We’re so divorced from actual value this econ 101 stuff barely applies to late stage capitalism.