Chilln09's Profile


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Member Since: 04/25/2008
Last Login: 03/06/2017
Profile Views: 2083
Age:
22
Gender:
Male
Location:
Anchorage, United States
About Me:
I joined this account a long ass time ago and somehow still have the password and shit for it. mostfungames4lyfe
E-mail:
Website:
www.theuselessweb.com

Chilln09's Blog

Feb 4 2017 1:14AM
Economics
Hey guys. Don't know if you know, but economics is pretty darn cool... It's all about supply, demand, and how those things are affect each other if one increases or decreases. If you draw a giant X on a graph and give it X and Y axises try this: label the one with a negative slope Demand and the one with a positive slope as Supply. Now shift the supply line left, or horizontally on the X axis. What happened to Demand? Demand increased as the supply decreased. Pretty neat huh? A guy named Vernon Smith in the 1960's proved that supply and demand always have an equilibrium price. the point on the graph where Demand and Supply meet, by getting a group of 22 undergraduate students cards that all had prices on them. Now google this **** because I am bored and done typing, the story continues but pretty much summarized. If you know the amount supplied and the amount demanded you can find what the equilibrium price will be. Goodnight.
Aug 4 2008 4:09PM
wats goin on?
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