Just look at the price increases after covid.

It's not really an apples-to-apples comparison. Most of the things people continue buying at prices inflated by covid issues and corporate greed are things they need, like food. Graphics cards are more of a luxury.

If GPU prices stay high, I simply won't buy them. Even if I were to finally relent when my current one eventually dies, I would be buying them far less often than I otherwise would, meaning less profit for the sellers in the long term.