Demand and Supply of a product

Photo by Pavlo Luchkovski from Pexels

Something I learned from my economics Professor was that

The product will not be in demand if people are not buying a product

For example

Everyone wants to buy a Ferrari

But not everyone is willing to buy it and won’t spend money to buy it

So if Ferrari is not getting sold

Will they pull down its price?

No right

So that doesn’t mean Ferrari is in demand.