Yeah, I meant the above point if there exists competition. If there's high barriers of entry because of red-rape then higher prices don't change supply, obviously. Though, I would argue it probably still does to a degree, albeit not very much. The solution though isn't price controls, but removing the red tape.
Yeah, I meant the above point if there exists competition. If there's high barriers of entry because of red-rape then higher prices don't change supply, obviously. Though, I would argue it probably still does to a degree, albeit not very much. The solution though isn't price controls, but removing the red tape.