04-22-2017, 12:24 PM
(04-22-2017, 12:06 PM)GMDino Wrote: Because higher demand always means high prices and vice versa! Right?!?!
Excellent try!
Perhaps if were slightly more vague and expressed your lack of knowing it would be been even better!
Yes,
An increase in demand almost always increases the price of a good. That doesn't mean that other things don't have an impact (decrease in supply for example), but this is a core thing in economics. Again, college freshmen level stuff here.
Since this is a core thing in economics, I'll take that bet every time.
The reason I edit my shit all the time is to make sure everyone understands. If there's anything that isn't clear, ask me to clarify. I do it for you.
