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Ask Lemmy @lemmy.world

Usernameblankface @lemmy.world

3mo ago

what advice was great when you first heard it, but has aged like milk since then?

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291 comments

You did not. But thanks for playing.
- anyone can read what was said. denying it is silly.
  
  the price at which something is sold is a well established measure of demand. do you have some counterexample that disproves what I said?
  
  You're almost there. Baby steps.
  
  supply in this case cannot increase. it can only decrease. but a decrease in the demand does not cause supply to decrease.
  
  This proves you don't understand. Thank you.
  
  Did supply meet demand
  this is nonsensical. where the supply curve crosses the demand curve, price is discovered. that price indicates the current demand.
  
  Supply is very much capable of not meeting demand. It happens often.

291 comments