Re:The electric car has dropped out of favor in Denmark
by jwmerrill on Monday June 12, 2017 @11:54AM
(#14538255)
It's probably a law of nature that prices won't stabilize somewhere where you could triple the price and sell 1/3 the quantity. At the higher price, revenue would be the same, but you only had to produce 1/3 of the goods, so profit is higher.
So if you were ever in this situation, you would probably expect price to rise until the slope of the demand curve changes.
So if you were ever in this situation, you would probably expect price to rise until the slope of the demand curve changes.