[2013-Jun-13] Downward Sloping Demand Curves?

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Expand view Topic review: [2013-Jun-13] Downward Sloping Demand Curves?

Re: [2013-6-13] Downward Sloping Demand Curves?

by DonRetrasado » Sat Jul 13, 2013 5:10 am

Kaharz wrote:Seriously. I even said I was just trolling. I know very little about econ. I read like one paragraph in wikipedia on Giffen goods before posting. Are econ people that desperate to talk about econ?
Yes, because they are very boring

Re: [2013-6-13] Downward Sloping Demand Curves?

by Kaharz » Fri Jul 12, 2013 11:32 pm

Seriously. I even said I was just trolling. I know very little about econ. I read like one paragraph in wikipedia on Giffen goods before posting. Are econ people that desperate to talk about econ?

Re: [2013-6-13] Downward Sloping Demand Curves?

by JTDC » Fri Jul 12, 2013 6:28 pm

Kaharz wrote:
gallanon wrote:I have to know, am I the only one whose inner econ nerd, upon reading today's comic, pushed up his glasses on the bridge of his nose and screamed "but what about Giffen goods!" at the assertion that demand curves are ALWAYS slope downward?
Yes, because Giffen goods are largely theoretical and have not been observed at the market level in any appreciable way.*
Staple foods in very poor areas that experience a sudden price shock have been observed. Potatoes in Ireland, rice in rural China. Price goes up, people have to have X amount of it, now they can't afford variety, so they must buy more staple food.

Re: [2013-6-13] Downward Sloping Demand Curves?

by Guest » Thu Jul 04, 2013 8:57 pm

Sounds like a marketing issue. Try repackaging.

Re: [2013-6-13] Downward Sloping Demand Curves?

by jackscologne » Wed Jul 03, 2013 10:35 pm

Wouldn't Veblen goods be a more relevant example?

Re: [2013-6-13] Downward Sloping Demand Curves?

by Surely you guest » Tue Jul 02, 2013 3:54 am

Oh snap!

Re: [2013-6-13] Downward Sloping Demand Curves?

by Lethal Interjection » Mon Jul 01, 2013 4:38 pm

username wrote:
Lethal Interjection wrote:
thejakeman wrote:Sex with me is free and in nearly unlimited supply, yet no one seems to be buying.
Hitting my hand with a hammer is also free, but I'm not stupid enough to do it.
The marginal benefit of hitting your hand with a hammer is always negative...
As is sex with the Jakeman.

Re: [2013-6-13] Downward Sloping Demand Curves?

by username » Mon Jul 01, 2013 4:39 am

Lethal Interjection wrote:
thejakeman wrote:Sex with me is free and in nearly unlimited supply, yet no one seems to be buying.
Hitting my hand with a hammer is also free, but I'm not stupid enough to do it.
The marginal benefit of hitting your hand with a hammer is always negative...

Re: [2013-6-13] Downward Sloping Demand Curves?

by Lethal Interjection » Mon Jul 01, 2013 3:46 am

Kaharz wrote:
Lethal Interjection wrote:Hitting my hand with a hammer is also free, but I'm not stupid enough to do it.
You are neglecting devaluation of the hammer due to wear and tear in your economic model.
Wear and tear? What do you think my hands are made of?
Maybe the blood spattering on the hammer would bring value down?
Fine, I'll use a rock.

Re: [2013-6-13] Downward Sloping Demand Curves?

by Guest » Sat Jun 29, 2013 6:00 pm

thejakeman wrote:Sex with me is free and in nearly unlimited supply, yet no one seems to be buying.
That's quite a boast.

Re: [2013-6-13] Downward Sloping Demand Curves?

by Kaharz » Sat Jun 29, 2013 5:49 am

Lethal Interjection wrote:Hitting my hand with a hammer is also free, but I'm not stupid enough to do it.
You are neglecting devaluation of the hammer due to wear and tear in your economic model.

Re: [2013-6-13] Downward Sloping Demand Curves?

by Lethal Interjection » Fri Jun 28, 2013 9:30 pm

thejakeman wrote:Sex with me is free and in nearly unlimited supply, yet no one seems to be buying.
Hitting my hand with a hammer is also free, but I'm not stupid enough to do it.

Re: [2013-6-13] Downward Sloping Demand Curves?

by thejakeman » Fri Jun 28, 2013 8:56 pm

Sex with me is free and in nearly unlimited supply, yet no one seems to be buying.

Re: [2013-6-13] Downward Sloping Demand Curves?

by Womandad » Wed Jun 19, 2013 6:28 pm

An even easier answer is that at a price point of 0, suppliers would have no incentive to supply popsicles. No one would get popsicles even though everyone would want them.

Re: [2013-6-13] Downward Sloping Demand Curves?

by Kaharz » Tue Jun 18, 2013 7:59 pm

GUTCHUCKER wrote:I see your mistake right there. See, when you troll someone, you're not supposed to tell them you're doing it. In fact, it helps to subtly convince them that you're not trolling them, and then tell them that you are. If you've succeeded, they will refuse to believe you, which is hilarious! You now owe me $5 for premium trolling tips.

________________
Outstanding Debts:
Kaharz - $5 AU
Kimra - 1 x Flower Pen
I know how to troll properly, but I didn't want to get involved in an actual conversation about it while still wanting to annoy someone. So I thought by saying I was trolling, I could maybe get a brief initial rise of bile before the footnote was read but no actual response. Sadly, it turned out to still be an effective troll. Cause rats...

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