Not quite:
The classic economic model assumes two things that do not apply here. First, is that one is dealing with a normal good. Two, is perfect elasticity of demand.
- An A-body tubular front end is not a normal good. If it were possible to produce an unlimited supply of a first rate product at, for example, $250 each, not everyone can use one. Therefore, a lot will go unsold regardless of the price.
- If the price were to go to $50,000 per copy there are people who can and will pay the price, particularly if it involves the difference between winning, losing, or proving a point. This is not perfectly elastic demand in the classic sense.
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