Irvinecommuter
New member
paperboyNC said:Tyler Durden said:Not really...
Does the supply of petroleum increase just because more people are demanding to drive?
Yup. There is oil that is costly to extract that becomes profitable as demand for oil rises causes prices to rise.
Does the supply of fresh water increase because there is more demand for bottled water?
Yup. They are building salt water desalination plants in So Cal to increase supply of fresh water. The plants will only be profitable if the price of water doubles over the next 10 years (which is expected due to supply/demand)
Does the supply of fish in the ocean increase because there are more people demanding chilean sea bass?
Most likely. They could raise their own chilean sea bass or find a way to increase their reproduction / protect them from predators, etc.
Completely agree...or else the market adjusts.
It creates more fuel efficient cars or alternative fuels.
Market can generate alternatives as well...like a fish not as endangered as CSB.
Finally, you are talking about natural resources...you can increase supplies of doctors pretty quickly.