1. There is a demand curve, or at least we can plot demand. I would agree it can be wacky.
2. It is very likely that even if we get the exact demand curve wrong, it is probably a net win for him to raise his prices given that he is turning down work.
I would argue that:
1. There is a demand curve, or at least we can plot demand. I would agree it can be wacky.
2. It is very likely that even if we get the exact demand curve wrong, it is probably a net win for him to raise his prices given that he is turning down work.