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supply-and-demand

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There is no demand curve
supply-and-demand

There is no demand curve

๐Ÿ“ย Part 1 of 5 โ€” Wrong but useful "All models are wrong, but some are useful." โ€” George Box, 1976 This series applies that principle to how rail retail models demand. The demand curve is wrong โ€” but for decades it has been useful enough. This post argues it no longer
28 Mar 2026 4 min read
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