Bob Olsen

52%
Flag icon
Now we cannot hold the price of any commodity below its market level without in time bringing about two consequences. The first is to increase the demand for that commodity. Because the commodity is cheaper, people are both tempted to buy, and can afford to buy, more of it. The second consequence is to reduce the supply of that commodity.
Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Rate this book
Clear rating
Open Preview