alt Hacker NewsYes everyone took Econ 101.
Now what do you think happens when developing new supply is substantially constrained by lead times?
Coz a whole lot less of you have ever dealt with manufacturing logistics.
Yes everyone took Econ 101.
Now what do you think happens when developing new supply is substantially constrained by lead times?
Coz a whole lot less of you have ever dealt with manufacturing logistics.
Prices go up, until new supply comes online or demand wanes. Econ 101 is not invalidated just because you are having to go without due to high prices.
Some supply and demand curves move in days, some in months, some on years.