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Old 11-04-2016, 08:12 AM  
Barry-xlovecam
It's 42
 
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Join Date: Jun 2010
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Posts: 18,083
Economics 105:

Products who's price is too high, or products that exhibit scarcity, for median markets; trigger innovation of either lower priced replacements or more readily available substitutes.

On the other hand: High prices can extend life of inefficient markets -- like a petro economy that is past its "freshness date".
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