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Comment by lotsofpulp

Unless everyone has unlimited money, then increasing the price of a good decreases the amount of it that is purchased. The higher the price, the less is sold, even for things with low elasticity of demand.

Gas at $5/gallon? SUVs are not a problem, and commuting 1.5 hours in individual cars is a thing. Gas at $30/gallon, and you will see people demand more high density communities with walking/bicycling/public transit infrastructure.

parent lotsofpulp 3 years ago

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