Price fixing doesn't eliminate supply and demand entirely or make demand elasticity vanish.
What it eliminates is real competition among sellers ("fixing" the supply curve).
It raises prices - it doesn't magically make any asking price feasible.
Not finding demand to suddenly ask for $2M for a two bedroom house in Kirkwood is not some proof "hey, supply and demand is working just fine".
Price fixing doesn't eliminate supply and demand entirely or make demand elasticity vanish.
What it eliminates is real competition among sellers ("fixing" the supply curve).
It raises prices - it doesn't magically make any asking price feasible.
Not finding demand to suddenly ask for $2M for a two bedroom house in Kirkwood is not some proof "hey, supply and demand is working just fine".