So you want better paying jobs?

[Boss]

Price is determined by supply and demand.

 

[EdwardBaiamonte]

Price is determined by supply and demand.

there are 3 variables in the equation; each influences the others

 

[Boss]

we don't develop technology unless there is demand for it - you 20 minutes ago.

So an electric car imagined 100 years would not be a meaningful economic event since then there was no market supply, no market demand , and no market price.- you now.

 

[Boss]

Price is determined by supply and demand.

there are 3 variables in the equation; each influences the others

Wrong. There are two variables which determine price. Supply and demand.

 

[EdwardBaiamonte]

we don't develop technology unless there is demand for it - you 20 minutes ago.

So an electric car imagined 100 years would not be a meaningful economic event since then there was no market supply, no market demand , and no market price.- you now.

and???????????

 

[EdwardBaiamonte]

Wrong. .

which one does not influence the others???????????

 

[Boss]

Wrong. .

which one does not influence the others???????????

Price doesn't influence supply or demand. Price is determined BY supply and demand.

 

[Boss]

we don't develop technology unless there is demand for it - you 20 minutes ago.

So an electric car imagined 100 years would not be a meaningful economic event since then there was no market supply, no market demand , and no market price.- you now.

and???????????

And.. you are contradicting yourself. First you claimed that we don't develop technology unless there is a demand, then you admit we developed electric cars 100 years ago but there was no demand. So which one is it? Do we sometimes develop technology of which there is no demand or does technology only get developed when there is a demand?

 

[Indeependent]

we don't develop technology unless there is demand for it - you 20 minutes ago.

So an electric car imagined 100 years would not be a meaningful economic event since then there was no market supply, no market demand , and no market price.- you now.

and???????????

And.. you are contradicting yourself. First you claimed that we don't develop technology unless there is a demand, then you admit we developed electric cars 100 years ago but there was no demand. So which one is it? Do we sometimes develop technology of which there is no demand or does technology only get developed when there is a demand?

I presume you are conversing with EB, The Parrot.
If so, the Ignore Asswipes functions superbly.

 

[EdwardBaiamonte]

we don't develop technology unless there is demand for it - you 20 minutes ago.

So an electric car imagined 100 years would not be a meaningful economic event since then there was no market supply, no market demand , and no market price.- you now.

and???????????

And.. you are contradicting yourself. First you claimed that we don't develop technology unless there is a demand, then you admit we developed electric cars 100 years ago but there was no demand. So which one is it? Do we sometimes develop technology of which there is no demand or does technology only get developed when there is a demand?

I presume you are conversing with EB, The Parrot.
If so, the Ignore Asswipes functions superbly.

argumentum ad hominem from typical liberal without IQ for substance

 

[Friends]

Now my example is a little exaggerated, we'd never apply a 50% tariff on something... but the point is making imports more expensive so that American companies can compete again. When we change this dynamic, jobs will begin to generate as a result.. more jobs = more demand for labor = higher wages.

Interesting, socialism doesn't work, Marx is evil, only the free market can provide etc....

But you're promoting tariffs, which is interfering with the holy free market, as the solution.

Seriously?

Boss is in favor of the government intervening in the economy in order to maximize personal profit.

 

[EdwardBaiamonte]

Price doesn't influence supply or demand.

dear , if a guy prices an average car at $1 million the demand goes down!! As I said there are 3 variables in the equation. Do you know what that means?



Supply and Demand
Definitions of linear supply and demand:

_____ D = a - bP

_____ S = c + dP _____ _____ (1)

where D = quantity demanded, S = quantity supplied, P = price per unit and a,b,c, and d are constants. Note: In this course the constants a through d will always be given to you with values assigned, e.g. a = 5.

 

[Boss]

Now my example is a little exaggerated, we'd never apply a 50% tariff on something... but the point is making imports more expensive so that American companies can compete again. When we change this dynamic, jobs will begin to generate as a result.. more jobs = more demand for labor = higher wages.

Interesting, socialism doesn't work, Marx is evil, only the free market can provide etc....

But you're promoting tariffs, which is interfering with the holy free market, as the solution.

Seriously?

Boss is in favor of the government intervening in the economy in order to maximize personal profit.

Well no.,.. actually I'm really not.

 

[Boss]

dear , if a guy prices an average car at $1 million the demand goes down!! As I said there are 3 variables in the equation. Do you know what that means?

Nonsense. There is still a demand for a car. In a free market, a competitor offers a car for much less than $1 million and the fool who has the $1 million car goes out of business. There are TWO variables... supply and demand. Now... if there is a demand for a car and there is no supply, a $1 million price may not be unreasonable. Price is determined by supply and demand. Price doesn't drive supply or demand.

During the Great Depression, prices were not the problem, nor was supply and demand. Prices were lowered dramatically in attempts to increase demand and it failed because no one had any money. So we see, price does not drive demand.

 

[EdwardBaiamonte]

Nonsense. There is still a demand for a car.

dear there are 3 variables in the equation. If a seller raises his price the demand goes down. Sorry to rock your world.

 

[EdwardBaiamonte]

. Price doesn't drive supply or demand.

Sorry. The price of Rolls means the demand for it will be far lower than for a lower prices WV.
Econ 101- I even gave you the equations which you pretended to ignore becuase you did not understand them.

 

[Boss]

Nonsense. There is still a demand for a car.

dear there are 3 variables in the equation. If a seller raises his price the demand goes down. Sorry to rock your world.

Nope.. in a free market, a competitor keeps his price low and accommodates the demand of the marketplace. In a NON-free market, you may have a point.

 

[Boss]

. Price doesn't drive supply or demand.

Sorry. The price of Rolls means the demand for it will be far lower than for a lower prices WV.
Econ 101- I even gave you the equations which you pretended to ignore becuase you did not understand them.

The "demand" does not change. It doesn't matter how expensive a Rolls is, there are still people who want a car. There are still people who want THE BEST car, and it doesn't matter about the price.

 

[EdwardBaiamonte]

Nonsense. There is still a demand for a car.

dear there are 3 variables in the equation. If a seller raises his price the demand goes down. Sorry to rock your world.

Nope.. in a free market, a competitor keeps his price low and accommodates the demand of the marketplace. In a NON-free market, you may have a point.

Econ 101!! some competitors will elect to raise price to collect more revenue on lower sales volume.
Some competitors will have higher costs and thus higher prices and lower demand.
Nobody is looking for a self-taught ego maniac to reinvent the wheell

 

[EdwardBaiamonte]

. Price doesn't drive supply or demand.

Sorry. The price of Rolls means the demand for it will be far lower than for a lower prices WV.
Econ 101- I even gave you the equations which you pretended to ignore becuase you did not understand them.

The "demand" does not change. It doesn't matter how expensive a Rolls is, there are still people who want a car. There are still people who want THE BEST car, and it doesn't matter about the price.

price set for Rolls means lower demand than for Ford. Low priced Rolls and Ford will generate more demand than higher priced Rolls and Ford. There are 3 variables in the equation. if you change any one the other must change too.