| ▲ | greycol 3 hours ago | |
They are not if there aren't customers who are willing to pay more. For instance imagine a widget that lasts 1 year and is just under 1/2 the price of one that lasts 2 years. There may be high demand because it's the more economical option. If you raise the price so that it's 1/2 the price of the 2 year widget then demand collapses without effecting supply. | ||