(source is SMBC)

  • The Picard Maneuver@lemmy.worldOP
    10·
    18 days ago

    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
      41·
      18 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.