No, all that would mean on the Supply and Demand graph for a particular product is that the Demand line would be more horizontal (less elasticity of demand) and at a higher price, i.e., that purchasers are willing to pay a higher price per unit of the product no matter what the level of supply.
You know, Allen, I think if we continue this discussion much longer, we'll make the rest of the board do this:
Or even worse, this: