You guys are confusing demand with consumption. Economics would like them to be the same thing, but obviously, in the context of imagination, they are not.
You can want to own a product. That is demand. You can’t buy it because either you can’t afford it — or, to the hatred of economics — it may not exist. There may be scarcity. If a product does not exist (remember the long lines at the gas stations?) your demand will still exist, but your consumption of it will not. REGARDLESS OF PRICE.
And so, supply and demand doesn’t happen. The availability of money doesn’t affect demand. You still want it even if you can’t get it.
Know the details. Don’t lean back and imagine things you were taught were true. Supply and Demand has no relationship to money supply if there is scarcity, and there often is.
The LAW that you specifically mentioned is strictly ECONOMICS! Imagination has absolutely ZERO part in that.
ECONOMIC demand requires money. No money--no demand. More money = more demand.
WANTING to own a product is NOT demand. That is merely wishful thinking and plays no part AT ALL in the law of supply and demand.
Sheesh. I'm not even an economist and I can understand something as basic and simple as this.