Usernameblankface@lemmy.world to Ask Lemmy@lemmy.world · 2 years agowhat advice was great when you first heard it, but has aged like milk since then?message-squaremessage-square286linkfedilinkarrow-up1175arrow-down13
arrow-up1172arrow-down1message-squarewhat advice was great when you first heard it, but has aged like milk since then?Usernameblankface@lemmy.world to Ask Lemmy@lemmy.world · 2 years agomessage-square286linkfedilink
minus-squarecommie@lemmy.dbzer0.comlinkfedilinkarrow-up1·2 years agothe price at which something is sold is a well established measure of demand. do you have some counterexample that disproves what I said?
minus-squareslackassassin@sh.itjust.workslinkfedilinkarrow-up1·2 years agoYou’re almost there. Baby steps.
minus-squarecommie@lemmy.dbzer0.comlinkfedilinkarrow-up1·2 years agosupply in this case cannot increase. it can only decrease. but a decrease in the demand does not cause supply to decrease.
minus-squareslackassassin@sh.itjust.workslinkfedilinkarrow-up1·2 years agoThis proves you don’t understand. Thank you.
minus-squarecommie@lemmy.dbzer0.comlinkfedilinkarrow-up1·2 years agono, it shows that my example proves my assertion.
minus-squareslackassassin@sh.itjust.workslinkfedilinkarrow-up1·2 years agoIt does not. But I’m sure that’s fun for you.
minus-squarecommie@lemmy.dbzer0.comlinkfedilinkarrow-up1·2 years ago Did supply meet demand this is nonsensical. where the supply curve crosses the demand curve, price is discovered. that price indicates the current demand.
minus-squareslackassassin@sh.itjust.workslinkfedilinkarrow-up2·2 years agoSupply is very much capable of not meeting demand. It happens often.
minus-squarecommie@lemmy.dbzer0.comlinkfedilinkarrow-up1·2 years agoI don’t think you know what the theory of supply and demand is.
minus-squareslackassassin@sh.itjust.workslinkfedilinkarrow-up2·2 years agoAnd I’m sure that you don’t.
minus-squarecommie@lemmy.dbzer0.comlinkfedilinkarrow-up1·2 years agothink what you want, but I encourage you to read up on it. the Wikipedia entry is very thorough.
the price at which something is sold is a well established measure of demand. do you have some counterexample that disproves what I said?
You’re almost there. Baby steps.
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supply in this case cannot increase. it can only decrease. but a decrease in the demand does not cause supply to decrease.
This proves you don’t understand. Thank you.
no, it shows that my example proves my assertion.
It does not. But I’m sure that’s fun for you.
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this is nonsensical. where the supply curve crosses the demand curve, price is discovered. that price indicates the current demand.
Supply is very much capable of not meeting demand. It happens often.
I don’t think you know what the theory of supply and demand is.
And I’m sure that you don’t.
think what you want, but I encourage you to read up on it. the Wikipedia entry is very thorough.