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calvinmorrison
7 months ago
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Supply constraints do not explain house price, qua...
with enough price you can raise supply of anything.
dragonwriter
7 months ago
[–]
“Supply” in economics is the function mapping market clearing price to quantity supplied. Even if all supply curves slope upward, that's not increasing supply with price, it is increasing quantity supplied with price.
calvinmorrison
7 months ago
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or in dubai you just make more land. most of the earth is covered in water.
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