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If you laid all the economists end to end they still couldn't reach a conclusion. And on these boards we see why economics is probably the softest of the soft sciences.
Strangely, Edward is correct for the very first time. Demand, in equilibrim does not matter. Price fall to increase demand sufficiently to purchase all of the supplied goods. Unfortunately for Ed, the transition period may take a very long time. Upwards of 10 years (a la Japan in the 1990s) to restore equilibrium.
In what capitalism was coercion not involved?
Strangely, Edward is correct for the very first time. Demand, in equilibrim does not matter. Price fall to increase demand sufficiently to purchase all of the supplied goods. Unfortunately for Ed, the transition period may take a very long time. Upwards of 10 years (a la Japan in the 1990s) to restore equilibrium.
So in perfectly competitive markets, cost-reducing innovation will shift the supply curve to the right
Strangely, Edward is correct for the very first time. Demand, in equilibrim does not matter. Price fall to increase demand sufficiently to purchase all of the supplied goods. Unfortunately for Ed, the transition period may take a very long time. Upwards of 10 years (a la Japan in the 1990s) to restore equilibrium.
of course thats 100% absurd given the complete interference with the law of supply and demand by the Japanese government!!
Strangely, Edward is correct for the very first time. Demand, in equilibrim does not matter. Price fall to increase demand sufficiently to purchase all of the supplied goods. Unfortunately for Ed, the transition period may take a very long time. Upwards of 10 years (a la Japan in the 1990s) to restore equilibrium.
of course thats 100% absurd given the complete interference with the law of supply and demand by the Japanese government!!
That doesn't even make sense. "interference with the law of supply and demand"?
Strangely, Edward is correct for the very first time. Demand, in equilibrim does not matter. Price fall to increase demand sufficiently to purchase all of the supplied goods. Unfortunately for Ed, the transition period may take a very long time. Upwards of 10 years (a la Japan in the 1990s) to restore equilibrium.
You are very close, but not quite there. In equilibrium, the QUANTITY demanded equals the QUANTITY supplied. Demand and supply are functions, not amounts. Demand and supply functions interact to produce a market-clearing price at which the quantities demanded and supplied are equal. The demand and supply functions ("curves") shift as their determinants change. So in perfectly competitive markets, cost-reducing innovation will shift the supply curve to the right (which if the demand curve remains the same means the price will be reduced and quantity increases, causing most economics students to think of the supply curve as moving "down"). Advertising is intended to move the demand curve to the right; etc. etc.
of course thats 100% absurd given the complete interference with the law of supply and demand by the Japanese government!!
That doesn't even make sense. "interference with the law of supply and demand"?
dear did you know the Japanese governemnt is very large and very socialist? To suggest that the law of supply and demand operates freely there is absurd!!
Strangely, Edward is correct for the very first time. Demand, in equilibrim does not matter. Price fall to increase demand sufficiently to purchase all of the supplied goods. Unfortunately for Ed, the transition period may take a very long time. Upwards of 10 years (a la Japan in the 1990s) to restore equilibrium.
You are very close, but not quite there. In equilibrium, the QUANTITY demanded equals the QUANTITY supplied. Demand and supply are functions, not amounts. Demand and supply functions interact to produce a market-clearing price at which the quantities demanded and supplied are equal. The demand and supply functions ("curves") shift as their determinants change. So in perfectly competitive markets, cost-reducing innovation will shift the supply curve to the right (which if the demand curve remains the same means the price will be reduced and quantity increases, causing most economics students to think of the supply curve as moving "down"). Advertising is intended to move the demand curve to the right; etc. etc.
Yeah, you're right. I was being lazy with my terminology.
You are very close, but not quite there. In equilibrium, the QUANTITY demanded equals the QUANTITY supplied. Demand and supply are functions, not amounts. Demand and supply functions interact to produce a market-clearing price at which the quantities demanded and supplied are equal. The demand and supply functions ("curves") shift as their determinants change. So in perfectly competitive markets, cost-reducing innovation will shift the supply curve to the right (which if the demand curve remains the same means the price will be reduced and quantity increases, causing most economics students to think of the supply curve as moving "down"). Advertising is intended to move the demand curve to the right; etc. etc.
Yeah, you're right. I was being lazy with my terminology.
and slow in your thinking, but there is hope for you as complete more and more of your school work!! Keep at it!!
who needs jobs, everyone should just trade in the market.
We do not actually need to produce anything do we?
I'd rather play roullette, or bet on horses.
Which reminds me: I need a loan.
Anyone have the number for the us treasury dept.?
Take the time to actually construct an argument, Ed. Start with what you think the "law of supply and demand" is. Then explain how the Japanese government is trying to subvert it.
If you laid all the economists end to end they still couldn't reach a conclusion. And on these boards we see why economics is probably the softest of the soft sciences.
If you think Republican economics is mistaken please say why or admit as a liberal you lack the IQ to do so!!
Slow????????
In what capitalism was coercion not involved?
dear, capitalism is voluntary economic exchange without coercion that is freely undertaken because both parties consider themselves better off!!
Is that really over your head???????????
I never thought of that before, Ed. But you know something. It rings true.Dunno Ed, but we sure could use 'em.....~S~
yes with 24 million unemployed we sure could. Here's how:
1) Make unions illegal ( 10 million new jobs) Democrats oppose
2) make minimum wage illegal ( 5 million new jobs) Democrats oppose
3) end business taxation; especially tax incentives to off-shore jobs ( 5 million new jobs) Democrats oppose
4) make inflation illegal ( 2 million new jobs) Democrats oppose
5) make Federal debt illegal( 2 million new jobs) Democrats oppose
6) send illegal workers home(8 million new jobs) Democrats oppose
7) Pass Balanced Budget Amendment to Constitution( 3 million new jobs) Democrats oppose
8) cut pay of government workers in half( 4 million new jobs) Democrats oppose
9) Make health insurance competition legal( 6 million new jobs) Democrats oppose
10) end needless business regulations ( 2 million new jobs) Democrats oppose
11) restrict Federal spending to 15% of GNP( 2 million new jobs) Democrats oppose
12) support unlimited free trade( 2 million new jobs) Democrats oppose
13) reduced unemployment compensation, welfare, food stamps, medicaid.( 2 million new jobs) Democrats oppose
14) privatize education, social security ( 4 million new jobs) Democrats oppose
15) end payroll taxes ( 1 million new jobs) Democrats oppose
Since Democrats always oppose wisdom and common sense the only serious option is to make them illegal as the Constitution intended
I agree with you that supply is important, we agree on that. But demand is just as important.
you fool !! demand is not important. It is like water and air. It is a given in nature. It does not need to be created nurtured managed etc etc. Humans have always demanded air water cars and computers for a million years but not until Gates and Ford supplied cars and computers did they came into existence millons of years after air and water. Demand is a given, it is a free good. It is pure and perfect liberal ignorance to celebrate and encourage demand when it is the worst possible use of time energy and resources and 100% not necessary.
You can't have one without the other.
so what you idiot!! You can t have life without water but you don't extoll the virtues of water when it is a free good, you don't create a God of Water, but you do create a Repubican supply God of Cars and computers because cars and computers are very very rare, can transform life and would not exist in a liberal soviet like atmosphere like the one libturds are trying to create!!
Now you know why the soviet union failed.
With all due respect, this is utter nonsense.
Supply and demand are the 2 sides of a coin...you can't say one is more important than the other.
Don't get sucked into an exchange with Ed. He lives in an alternate universe and does not communicate well with reality.
With all due respect, this is utter nonsense.
Supply and demand are the 2 sides of a coin...you can't say one is more important than the other.
Don't get sucked into an exchange with Ed. He lives in an alternate universe and does not communicate well with reality.
Thanks Oldfart...I figured it out and bowed out.
Like Ol' Carlin said "“Never argue with an idiot. They will only bring you down to their level and beat you with experience.”
But by the same token, there has been a bunch of products that someone supplied or tried to supply but there wasn't any demand.
too stupid!! You don't go into business and supply something no one wants or can afford!! People always demanded main frame computer power, but it was not until Gates and Job supplied it at an affordable price that everyone could successfully demand it.
Similarly, the demand was always there for the automobile, but it wasn't until Ford supplied it at an affordable price that everyone could afford it or successfully demand it.
Making sense now!!
Libeals are so stupid that they can't understand this and so interfere with the process of civilization. Why not make them illegal??
Demand is for food clothing shelter cars and computers is a given in nature. It is not until Republican Supply siders come along that demand can be satisfied and human progress can be made.
Don't get sucked into an exchange with Ed. He lives in an alternate universe and does not communicate well with reality.
Thanks Oldfart...I figured it out and bowed out.
Like Ol' Carlin said "Never argue with an idiot. They will only bring you down to their level and beat you with experience.
translation: I'll use a personal attack to change the subject because
as a typical liberal lack the IQ for debate.
