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RE: Is rarity a factor in determining the price of a commodity?

in Olio di Balena5 days ago

Rarity is not demand.

This is the key sentence, even if something is rare, it has to serve a purpose to the ones trying to buy it, so the bidding to get it increases, as the base price.

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Thanks.

Exactly. That's how I saw the pig and the situation of the lion. The fact that one is rarer than the other doesn't mean that everyone would want it especially if it doesn't really serve purposes to a vast majority of people.