The Picard Maneuver@lemmy.world to Funny: Home of the Haha@lemmy.world · 21 days agoSupply and Demandlemmy.worldimagemessage-square38linkfedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1imageSupply and Demandlemmy.worldThe Picard Maneuver@lemmy.world to Funny: Home of the Haha@lemmy.world · 21 days agomessage-square38linkfedilinkfile-text
minus-squareThe Picard Maneuver@lemmy.worldOPlinkfedilinkarrow-up0·21 days agoThat’s a good point. Price lowers and it increases demand, but supply is unchanged. So then the same concept should work for sales at the grocery store, right? If I’m influenced to purchase something (finite) that they’re offering for cheap.
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkarrow-up0·21 days ago Price lowers and it increases demand price lowers and it increases quantity. demand is a curve and you only measure a single point of it.
That’s a good point. Price lowers and it increases demand, but supply is unchanged.
So then the same concept should work for sales at the grocery store, right? If I’m influenced to purchase something (finite) that they’re offering for cheap.
price lowers and it increases quantity. demand is a curve and you only measure a single point of it.