The Picard Maneuver@lemmy.world to Funny: Home of the Haha@lemmy.world · 8 days agoSupply and Demandlemmy.worldimagemessage-square38linkfedilinkarrow-up1642arrow-down16file-text
arrow-up1636arrow-down1imageSupply and Demandlemmy.worldThe Picard Maneuver@lemmy.world to Funny: Home of the Haha@lemmy.world · 8 days agomessage-square38linkfedilinkfile-text
minus-squareThe Picard Maneuver@lemmy.worldOPlinkfedilinkarrow-up57·8 days agoI dunno, I’ve bought a lot of games during steam sales that I wouldn’t have otherwise. Does that count?
minus-squareramasses@social.ozymandias.clublinkfedilinkEnglisharrow-up16arrow-down3·8 days agoI would not say so, because their is a infinite supply of that video game. Take something finite and apply the concept to it.
minus-squareSwingingTheLamp@piefed.ziplinkfedilinkEnglisharrow-up34·8 days agoArtifically-created scarcity is still scarcity as far as the behavior of the buyer is concerned, though.
minus-squareThe Picard Maneuver@lemmy.worldOPlinkfedilinkarrow-up10·8 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-up4arrow-down1·8 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.
minus-squarevillage604@adultswim.fanlinkfedilinkEnglisharrow-up5·8 days agoGrocery stores having sales. Or, you know, any retail sales.
I dunno, I’ve bought a lot of games during steam sales that I wouldn’t have otherwise. Does that count?
I would not say so, because their is a infinite supply of that video game. Take something finite and apply the concept to it.
Artifically-created scarcity is still scarcity as far as the behavior of the buyer is concerned, though.
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.
Grocery stores having sales.
Or, you know, any retail sales.