Topic: Can someone please explain to me the very basics of supply and demand?
Catherine !ttGirlsPl2 started this discussion 7 years ago #84,844
It could help me set prices for in-game Minecraft markets. :-P
Anonymous B joined in and replied with this 7 years ago, 8 minutes later[^] [v] #973,709
The demand for hate crimes far exceeds the supplyKook !!rcSrAtaAC joined in and replied with this 7 years ago, 38 minutes later, 46 minutes after the original post[^] [v] #973,718
...If people want something, they will pay for it.
You need to research how much other such products cost
You need to research how much other such products cost
Sheila LaBoof joined in and replied with this 7 years ago, 25 minutes later, 1 hour after the original post[^] [v] #973,720
The concepts are based upon the idea of limited resources. There isn't enough of everything that anyone could ever want everywhere, and so it is possible for people who have supply to make money by selling to people who demand. When there is a lot of demand, it is easier for a seller to make more money by merely raising the price. And so on. Complications include manufacturing a lot more, enough to take advantages of economies of scale to reduce cost but also increasing supply at the same time.
Anonymous E joined in and replied with this 7 years ago, 3 hours later, 5 hours after the original post[^] [v] #973,765
But AOC says everything should free
Sheila LaBoof replied with this 7 years ago, 7 hours later, 12 hours after the original post[^] [v] #973,817
Anonymous F joined in and replied with this 7 years ago, 34 minutes later, 13 hours after the original post[^] [v] #973,821
Based on the series Star Trek. Year 2365 people no longer needed monetary remuneration. Series does not tell us what year this came to be.
So one day everything will be free, but that does not mean anyone one own a Enterprise class spacecraft. They might have to settle for something smaller.
So one day everything will be free, but that does not mean anyone one own a Enterprise class spacecraft. They might have to settle for something smaller.