How will the market create a supply of used products to meet demand?
I bought a new car that was so bad, my daughter bonded with owner of the garage where I took it for repairs. Before buying my next car, I did a lot of research, identified a car I wanted to buy used and began searching. Unable to find one with less than 100,000 miles in reasonably good shape, at a reasonable price, after months of looking, I decided it was more cost effective to buy new. Demand created a scarce market and high resale value.
Even today, it is difficult to find That particular car (later model, of course) for sale, used at any price. What happened to market efficiency?
Market efficience relies on the ingenuity of the participants.
Interesting but not relevant. That's merely market action at work - not the FairTax.