I agree. I think too often people just think about simple supply and demand but the reality is much more nuanced than that. You even provided another good example and to add to it, that may also exist in the long term depending on the situation and time horizon.

It seems to me that there is a breakdown in price elasticity.

-edit-

Sorry to see cowards downvoting you without even commenting. Idk what you said that was so worthy of that. Sucks it's hard to even have a speculative conversation without "this doesn't fit my worldview click".