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by jcranmer
2258 days ago
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Sure, demand isn't perfectly inelastic. But at the price points we're talking about, the demand isn't dropping off fast enough to make the market look even close to equilibrium. But I noticed you didn't even attempt to engage with the solution of enforcing purchasing quotas instead of allowing price gouging. |
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Pricing (including gouging) may be imperfect, but it is better than central resource allocation, price fixing, etc. at leading to efficient allocation of resources.