If that was true, regulations wouldn't drive producers into bankruptcy, which they routinely do. I suggest you brush up on the economic substitution effect and the indifference curve.
The point is, there is a limit to what customers will pay when regulations drive up the price of a good before they seek a substitute good.
Nice way to come out swinging. Your initials should be KO.
If that was true, regulations wouldn’t drive producers into bankruptcy,
Oh PLEASE! Regulations drive producers into bankruptcy because the same product is made elsewhere for less.
You can’t import electricity from China and your cite of the indifference curve betrays a lack of acumen concerning a commodity that consumers cannot do without, although they can curtail.
Users on the grid will pay all or more than they can bear until they sit in the dark.
I suggest that you brush up on logical thought. - and read the article again.