This is a false claim.
Prices incentivize economy. Low prices lead to low production, while high prices lead to high production. This force is also independent of your ability to understand.
This is most true for goods, that can be stored well. And since fossil fuel can be stored in earth over million of years, the owners can react on prices instantly.
Exactly. You are my boy. Draw the lines and see how the total consumption decreases, when demand decreases.
And you are my boy. See how demand increases, when price decreases 🙄
Nope. It does not. Since price is the result. Not the cause.
demand / supply => price
Price is an indicator of the others. Price is a measurement.
You would also not say, that temperature increases because the thermometer is there. It is only a measurment tool.
Good luck in life with those assumptions 🤣
I'll give you something to chew on, it's up to you to draw the right conclusions:
"Why do shops reduce prices and give discounts all the time?"
And please spare me from your results, I'm not interested in spending more time teaching basic economics.
