Re:EU cities contemplate life with less Airbnb
by _rpd on Sunday April 18, 2021 @02:42PM
(#26855109)
> if supply is restricted. Demand goes down
Luxury goods can behave oddly, but in general demand is independent of supply. Restricting supply causes prices to rise, which lowers demand (at that high price). The underlying demand (at the lower price) remains constant.
Luxury goods can behave oddly, but in general demand is independent of supply. Restricting supply causes prices to rise, which lowers demand (at that high price). The underlying demand (at the lower price) remains constant.