(source is SMBC)
this post was submitted on 25 May 2026
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I would not say so, because their is a infinite supply of that video game. Take something finite and apply the concept to it.
Artifically-created scarcity is still scarcity as far as the behavior of the buyer is concerned, though.
That's a good point. Price lowers and it increases demand, but supply is unchanged.
So then the same concept should work for sales at the grocery store, right? If I'm influenced to purchase something (finite) that they're offering for cheap.
price lowers and it increases quantity. demand is a curve and you only measure a single point of it.
Grocery stores having sales.
Or, you know, any retail sales.