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Originally Posted by nvmu
As supply increase price increases
As demand increases price decreases trying to find a graph of this, but the ones on wikipedia are links so i can't upload it here because it won't let me copy the link to that graph |
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Originally Posted by nvmu
you say i am mistaken, let me teach you how to read a graph, the Blue line is the supply, to the right is increasing, as the Blue line moves right price increases
the RED line is demand, as the demand increases(moves right) what does the y point(price) do, it decreases |
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Originally Posted by quickmonty
According to the text and the chart:
As prices increase, supply is increased (to increase profits) As prices decrease, supply is decreased The way you have it isn't logical. |
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Originally Posted by nvmu
you say i am mistaken, let me teach you how to read a graph, the Blue line is the supply, to the right is increasing, as the Blue line moves right price increases
the RED line is demand, as the demand increases(moves right) what does the y point(price) do, it decreases |
| The graph depicts an increase in demand from D1 to D2, along with a consequent increase in price and quantity Q sold of the product. |
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Originally Posted by Jetdoc
No, the graph is showing that if demand is higher than supply, the suppliers will INCREASE their price such that it will bring the price back into equilibrium - that is, the price will increase until demand again matches supply.
It is NOT saying that as demand increases, the price decreases, which is what you put. |
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Originally Posted by EroChrono
The ecto price has been pretty stable for months and months on end now, regardless of new campaign's, skills and featured being added to the game.
If you ask me ANet is keeping the price around ~5k artificially :3 |
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Originally Posted by Lionhe4rt
You do realise that you're not making any sense at all, right? Just think of it; why would the price of a product go down if more people want to buy it?
x'''D Just look at the description of the graphic; |
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Originally Posted by nvmu
you say i am mistaken, let me teach you how to read a graph, the Blue line is the supply, to the right is increasing, as the Blue line moves right price increases
the RED line is demand, as the demand increases(moves right) what does the y point(price) do, it decreases |
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Originally Posted by MMSDome
Anyways, does anyone else think it is possible that A-Net sets a limit to how low the price of certain materials can actually go?
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Originally Posted by MelechRic
You need to RTFA, specifically this part:
http://en.wikipedia.org/wiki/Demand#...et_equilibrium The curves shift. It's moronic to neglect that. It's also moronic to ignore the reality of economics in your every day life. Why do you think that liter or gallon of gasoline is more expensive now than it was 10 years ago? Maybe the one billion Chinese and one billion Indians that are beginning to use much more oil/gas is to blame while the overall supply of oil in the world remains fixed or is diminishing. Ever hear of the term "Peak Oil?" |
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Originally Posted by Lionhe4rt
In GW, maybe.
But in RL, if there is more demand -> results in more supply (usually, on some market forms de supply is kept low to keep the prices high, think about the oil market for example). |
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Originally Posted by nvmu
lol once again showing your lack of knowledge, the d1 is 1 demand line, d2 is another demand line based on a major change such as if there is a sudden change in a population, or better example yet, if there is a hurrican supply for generates would greatly increase which would be d2
the red and blue lines are not related to each other, they just show where the equilibrium point is |
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Originally Posted by nvmu
lol..
do you know anything about supply and demand, they are putting out more oil than ever, and what are prices doing INCREASEING, hence as supply increases price increases, ALSO that works on elastic products, OIL IS AN INELASTIC PRODUCT people will buy no mater what the price is, which is why they can raise the prices so high |
