Yeah about that… nothing modern about it. That’s what it was supposed to be by the old observations when people had actual scarcity of … wheat and corn or whatever.

It doesn’t work for alcohol today. There are still people doing moonshine brew because it can’t get cheap enough. The demand will never reach a bottom nor a peak.

It’s layers of markets. If you can’t sell your shit brew at “market price” you can always dump the price and reach a new market of bottom feeders or go the other way and pay influencer to make a silly drinking game to make artificial scarcity in the upper market.

There’s always enough supply and demand that everything is possible.