Demand goes up, price goes down. Just like I always learned!
this post was submitted on 12 Mar 2024
64 points (98.5% liked)
Green Energy
2203 readers
449 users here now
Everything about energy production and storage.
Related communities:
founded 2 years ago
MODERATORS
That’s how it works in manufacturing. The more of something you make, the more economies of scale kick in and the lower the cost per item.
Of course, a depressing number of economists seem to think this doesn’t exist, because obviously the market will be allowed to collude to raise prices on in demand items, even if the price per item is falling.
You could also note that supply and demand are just two of several thousand factors, and any analysis that pretends they are the only two factors is going to be woefully disconnected from reality.
Yes capitalism is a wonderful thing.
Soon: The Great Chicago Battery Fire