this post was submitted on 07 Jun 2024
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Microblog Memes

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[โ€“] trafficnab@lemmy.ca 2 points 5 months ago (1 children)

Attributing price changes to "supply and demand" doesn't mean it's being attributed to both (ie supply changes and demand changes), simply that there is now a mismatch between the two

In this case, if supply remains the same, but demand decreases, then the price will go down until they are in equilibrium again

[โ€“] MutilationWave@lemmy.world 2 points 5 months ago

In a terrarium economy. We're so divorced from actual value this econ 101 stuff barely applies to late stage capitalism.