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Once upon a time, a man came to a village and told people he would buy monkeys for $10. The villagers, knowing there were many monkeys in the forest, went there and caught them like mad. The man bought thousands at $10. But as the supply decreased, the villagers stopped hunting them.

The monkey-buyer raised his price to $20. The villagers got interested again and went after the scarce monkeys. Soon the supply diminished even further. Now the price became $25, but monkeys were so rare that it was hard to even find them, let alone catch the darn things! Before going to the city on business, the buyer announced a super buy price of $50. His assistant would buy on his behalf while he was gone.

In his absence, the assistant called the villagers together. "Look at all these monkeys in the big cage that my boss has bought. I'll sell them back to you for $35. When my boss comes back, you can sell them to him for his last $50 offer price." Excited at this, the villagers rounded up all their savings and bought back all the monkeys.

Alas! The people never saw the man nor his assistant again. Everywhere they looked, there were monkeys.

(Here ends this lesson on how the market works.)
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