Then why are profit margins bigger? Supply and demand as the reason for profit percentage increasing margin makes no sense. I’d be interested in how you’d debate that.
That is pretty obvious from where it says “Edit:”, what isn’t obvious is how Supply and Demand prevents companies from setting prices arbitrarily. Which is and always was what your comment said.
[Source required]
Edit: how are you downvoting me? Go look at corporate profit margins now, 10 years ago, and 40 years ago.
If you believe you can hand wave with simplified BS like "Supply and Demand" you probably have some heavy reading on price elasticity to catch up on.