With cleverness and good-old-fashioned supply and demand.
WindTronics is selling a $6,000 wind turbine at Ace Hardware that can power 20% of your household needs.
If power gets really expensive or unreliable, we’ll all run out and buy five of them. I don’t know about you, but my TiVo and laptop are getting electricity, whatever it takes.
And that demand will drive the price to $1,000, and it’ll be available at every Home Depot and Walmart. Apartment buildings and realtors will be bragging about self-powered properties.
Americans like to argue about theoretical solutions forever. But when the sh-t hits the turbine, we do what we need to do to get it fixed.
So you are saying that increase in demand will lower the prices? I think I heard the exact opposite in my first economics class
Can you elaborate?