I'm not so sure, in 2012 me and a lot of friends switched to SSD because it made the computer so much faster, not because there was a HDD shortage. And the tech press at the time was full of articles about how amazing SSDs are and how everybody should get one.
But nobody was talking about the price delta then.
The narrative was "for 300 bucks you can make your computer so much faster, best investment ever". No mention about increasing HDD prices, nobody cared.