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by lotsofpulp
1007 days ago
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Unless everyone has unlimited money, then increasing the price of a good decreases the amount of it that is purchased. The higher the price, the less is sold, even for things with low elasticity of demand. Gas at $5/gallon? SUVs are not a problem, and commuting 1.5 hours in individual cars is a thing. Gas at $30/gallon, and you will see people demand more high density communities with walking/bicycling/public transit infrastructure. |
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