Raise console prices to reduce shortages?

[VAMatt]

IcaroRibeiro said:

This won't work

Console sales (Oligopolies for that matter) don't follow supply and demand curve

Macro Econ 101 says you're wrong.  Increasing supply is increasing supply.  Raising prices of luxury (non-essential) goods always reduces marginal demand.

It is theoretically possible that Sony and MS can't pay their way to more console components.  But, as a lifelong business person, I know that's not true in practice.  There is capacity to meet some customer orders, just not all of them, so it is an absolute certainty that money is influencing who gets the stuff that can be supplied.