Daily reminder

Wow you are so smart user

Keep up the wise thoughts!

>Demand drops, supply drops
>Prices increase
wrong
>cows now costs one nickel
>meat is cheap

Assuming that the supply stays the same, the prices will go up if the demand is going down. This is especially true on saturated markets. Producers would want to restore their turnover, by offering lower prices.
Of course, if the demand stays low over a significant amount of time, the supply would vanish as well. That's because the suppliers would not make enough revenue to sustain their business.

Did I miss something?

>42255565
>increase prices to cope with low demand

this shit doesnt even make sense

>the prices will go up if the demand is going down

THE PRICES GO UP WHEN THE DEMAND GO UP
THE PRICES GO UP WHEN THE DEMAND GO UP
THE PRICES GO UP WHEN THE DEMAND GO UP
THE PRICES GO UP WHEN THE DEMAND GO UP
THE PRICES GO UP WHEN THE DEMAND GO UP

>Gee, I used to sell 10 hotdogs for $1 each and make $10
>Now I only sell 5 hotdogs every day, I wonder what I can do to still make $10
>Could I maybe increase the price to $2 per dog?
>Nah, user will get angry, better stay poor

Damn, you are right. I just reread what I posted there. Should have done that before posting, thanks!

Sell 20 hotdogs for 0.5$, maybe?

If you live in a communist country, yes

But, competition happens

Obviously, I was just pointing out how it's not always cut and dry as the other user presented it

>it's not always cut and dry
Yes, it is

you cant escape economics laws
its like gravity

i guess vegan is eating vegitables. this is healthy i guess, but it kind of makes me stop and wonder why i have to eat only vegitables, why cant i eat fruits and oysters and cow liver as well? thats why im starting my own diet i want tumblr users to force apon people, its called.. meat vegan. you just eat what you normally eat but just put an obnoxious label on it. haha isnt that fun?

haha, wow that is fun. HEY EVERYBODY LOOK! A NEW BANDWAGON TO JUMP ONTO, THIS ONE EVEN HAS SELF SUCKING DILDOS EQUIPT TO THE WHEELS

Only 5 people want hotdogs though, you'll be left with 15 hotdogs nobody wants and you'll have only made a profit of .25$
>but if you lower the price they'll want it
In the context of veganism you wouldn't even be able to pay them to eat it

>if you lower the price they'll want it
yes, they will

>in the context of veganism you wouldn't even be able to pay them to eat it
of course not the whole world turns vegan
in this context theres point selling hot dogs

>no point to sell

>I AM SILLY
Here's another idea since you like labels so much, we'll call vegans normal people and you will be a carnist. Soy milk will be just milk and dairy milk will be "baby cow breastfeeding growth formula"
Sound nice?

Okay if literally 100% of the world turns vegan, then there will be no meat at all, no meat prices or meat price drops, and if you want meat you'd have to hunt it yourself.

>>if you lower the price they'll want ityes, they will
Similarly, if meat is so delicious and important to some of you, if the hotdogs start going for $2 now doesn't matter, you'd still buy them
>lol fag it doesn't work that way
lol fag yes it does. Look at cigarettes and booze

>100% of the world turns vegan
>and if you want meat

im vegan too

Yeah bro, almost no one eats alligator meat in new york, I bet I can EASILY buy them for 1$ per kilogram!

>if the hotdogs start going for $2 now doesn't matter, you'd still buy them

until someone start selling 20 hotdogs for 0,50 next to you
and youre out of business

cows do not have breasts.

theres no demand for alligator meat u fag

Have you ever been south of Mason Dixon?

Humans are and have been for time out of memory omnivores.
A meat heavy high protein diet is how we separated from apes and were able to farm, build nation's, and invent the internet upon which you so poorly shitpost

An udder is an organ formed of the mammary glands of female four-legged mammals, particularly ruminants such as cattle, goats, sheep and deer. It is equivalent to the breast in primates.
Unless you two cooperate and drive up the price together to $3 per dog
Mate, either you're a finance school first year who thinks he figured out how the world works or you're just shitposting. Your economy textbook "logic" doesn't apply to lobbies, rare commodities and "needs" like gas, cigarettes, alcohol, pharmaceuticals, brand name products etc.
Please stop posting until you get a real job

maybe

yeah that means i have no competition so WHY THE FUCK CANT I BUY 10 KG OF ALLIGATOR MEAT for 1 DOLLAR IN NEW YORK?

ISNT THAT HOW SUPPLY AND DEMAND WORKS?

OBVIOUSLY NOT YOU FUCKING BRAINLET .

>An udder

>two cooperate and drive up the price together to $3 per dog
>doesn't apply to lobbies
this is a crime
in an open market its impossible to do this

>doesn't apply to rare commodities
explain me how

>A meat heavy high protein diet is how we separated from apes and were able to farm, build nation's, and invent the internet upon which you so poorly shitpost
A high calorie easy to digest*** diet is how blood left our stomachs and entered our brains, for a disgusting oversimplification. Cooked*** meat helped, of course. Unless you name a particular nutrient that plants lack and inherently requires meat consumption, all you've done is an appeal to nature/tradition fallacy.
And even then, it's not like natural selection still applies to human evolution

Fucking retard

theres no supply neither demand
thats because you cant buy alligator meat anywhere in NY

Literally google "cow breast", it's the first result
>this is a crime
>in an open market its impossible to do this
Except it happens, you'll see it when you grow up
>>doesn't apply to rare commodities
>explain me how
Go buy a diamond, tell me how it went
Also this example applies to the above cooperation part

>Go buy a diamond
Diamonds are the prime example of how supply and demand works
the rock is scarce(supply), the demand and prices high

>Except it happens
Show me, please
Seriously

This is a stupid post.

You should feel bad.

>Literally google "cow breast", it's the first result
Is it called an udder or a breast?

In which case you would not saying a cow is breastfeeding a calf, when it does not have a breast. It has an udder. That you freely use the two terms interchangeably is irrelevant.

>he actually believes that diamonds are really scarce and that it's not artificial scarcity constructed by De Beers to drive prices up
Man you really ousted yourself as a complete newfag with this one
Please, I'm not trying to be mean, this is honest advice to a young lad: Stop posting about economics online and don't speak an opinion you can't support IRL, you'll embarrass yourself
Have a good day and good luck with your studies!

udderfeeding isn't a word, you are being pedantic, which is another word for colossal faggot
Please explain

I don't know about rare.

But supply and demand gets screwy when you are dealing with luxury goods. Whose price is affects creates demand.

Exotic cars are the general example of this.

>udderfeeding isn't a word, you are being pedantic, which is another word for colossal faggot
No you would call it nursing.

That you don't know shit about cows is not my fault.

>artificial scarcity constructed by De Beers
Source or go to /x/

>Please explain
Missused 2 fallacies.
Implied evolution has stopped.

Then un-ironically called someone else a retard.

dictionary.com/browse/exotic
>of a uniquely new or experimental nature

the point of exoctic cars are the low supply

>we'll call vegans normal people

who is we? lol

Does the blue pill taste good?
I didn't imply evolution has stopped, that's your poor reading comprehension. I stated very clearly that natural selection doesn't apply to the context of modern society where disease isn't an issue and food is abundant.

If demand drops, so does supply to reach a new equiibrium.

When at equilibrium, prices stay the exact same.