Economics lesson number 1: Supply and Demand
In a market economy, the prices of goods and services are influenced by the interaction of the market forces of supply and demand.
If there are only a limited stock of some product available, competition between potential buyers tends to see prices rise, as consumers ''bid up'' prices.
Lesson over
Next Week : The theory of Market Equilibrium
Posted By: Tony Martin on August 25th 2010 at 14:41:18
Message Thread
- As a footnote to last night,we couldn't help but notice that Blackburn... (NCFC) - Big Jim, Aug 25, 14:33:01
- That's be the blackburn with an average attendance of 25,428 last season with a capacity (NCFC) - megson, Aug 25, 15:02:06
- Economics lesson number 1: Supply and Demand (NCFC) - Tony Martin, Aug 25, 14:41:18
- yebbut we didn't sell out the ground (n/m) (NCFC) - Jumbo1, Aug 25, 14:42:44
- which was my subtle point in saying next week : Market Equilibrium (n/m) (NCFC) - Tony Martin, Aug 25, 14:48:12
- soz, my bad! (n/m) (NCFC) - Jumbo1, Aug 25, 14:51:04
- which was my subtle point in saying next week : Market Equilibrium (n/m) (NCFC) - Tony Martin, Aug 25, 14:48:12
- yebbut we didn't sell out the ground (n/m) (NCFC) - Jumbo1, Aug 25, 14:42:44
- £27 (n/m) (NCFC) - megson, Aug 25, 14:40:51
- Fuck me that's a lot considering all the TV money they get. Ours is a bargain relatively. (n/m) (NCFC) - jafski, Aug 25, 14:35:23
- Yeah,that must be what all the people who didn't buy tickets were thinking too i suppose. (n/m) (NCFC) - Big Jim, Aug 25, 14:50:31
- Yeah, must of been. The tight wads. (NCFC) - jafski, Aug 25, 14:53:10
- Yeah,that must be what all the people who didn't buy tickets were thinking too i suppose. (n/m) (NCFC) - Big Jim, Aug 25, 14:50:31
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