How's that gas led recovery going Scotty ?, page-9

  1. 17,776 Posts.
    lightbulb Created with Sketch. 9076
    Australians 'panicking' as power prices skyrocket, consumer advocates say


    You can continue to spend your entire waking day on here, as you do, posting hundreds of posts a day, day-in. day-out, seven days a week, 52 weeks a year, and it won't alter the fundamental economic truism that says,

    "If you limit the supply of an economic good which has high demand inelasticity, the price of that good goes up."


    Or, viewed by way of a real-life example:

    Climate Activists: "Stop Investing in Gas Production!!"

    [Economic Outcomes:
    1. Gas demand exceeds supply
    2. Gas price rises]

    Climate Activists: "Look how expensive bloody gas is!!"

    .
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.