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Supply and Demand (lemmy.world)

submitted 2 weeks ago by The_Picard_Maneuver@lemmy.world to c/funny@lemmy.world

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[–] The_Picard_Maneuver@lemmy.world 10 points 2 weeks ago (1 children)

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.

[–] gandalf_der_12te@discuss.tchncs.de 3 points 2 weeks ago* (last edited 2 weeks 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.