Well, that would kind of explain why the Left consists primarily of losers:
Everyone in France who passes the Baccalaureat or “Bac” has the right to take up a state university place. The result is that the France’s public universities are overcrowded, under-funded, have high drop-out rates and fail to make any international league tables.
Economics is complex and difficult; it’s often more art than science. But really, the Law of Supply and Demand is arguably as settled than any thermodynamic law. If you reduce the price and the supply remains constant, you can’t expect demand to remain static.