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by ItsMe000001 2943 days ago
> Price is a function of demand and supply.

As someone who has set prices in a small business, that is not true.

Please don't take the simple - and simplistic - models used in trying to study an incredibly complex world as if they are reality.

You get some useful results from the Bohr model of the Atom - that doesn't mean it's "true" or "reality". It's a model. As some STEM professor (might have been physics) once said to the new students: If you want "truth" you are in the wrong lecture, philosophy is down the hall on the right.

So you get some useful results from assuming that this is what determines price, so that you are able to create a model. That does not mean that that's "how it is". The more closely you look the less it is true.