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Topic	Why does supply and demand exist?
Chunkey Simmons 11/01/21 9:22:20 PM #24:	Damn_Underscore posted... Supply and demand is literally a basic part of humanity. Farmer needs tools so he offers some of his harvest to Blacksmith. Blacksmith offers a tool for 10 pounds of Farmer's harvest. But Blacksmith's brother, who also makes tools, offers a tool for only 5 pounds of Farmer's harvest. Farmer takes Blacksmith's brother's deal, so Blacksmith offers Farmer a tool for 7.5 pounds of Farmer's harvest, and reminds Farmer that his tools are better quality than his brother's. So this time Farmer has a decision to make. In this case, the tools and harvest are essential items, so I 100% support supply and demand in this situation. You need those things in order to survive, especially if that is your full-time job. If the farmer was offered a $1000 game from the blacksmith just because it's "rare" or a "collectable", that is an absolute rip off. Owning a rare game is not an essential item. Just because a bunch of people want that piece of plastic, doesn't mean this should be worth more. --- The n00b of MBH and CE - and proud of it! President Chunkey Simmons, running for 2016. <cite>Chunkey Simmons posted [p:959605978] in Why does s... [t:79739332]...</cite> <quote>Damn_Underscore posted...</cite> <quote>Supply and demand is literally a basic part of humanity. Farmer needs tools so he offers some of his harvest to Blacksmith. Blacksmith offers a tool for 10 pounds of Farmer's harvest. But Blacksmith's brother, who also makes tools, offers a tool for only 5 pounds of Farmer's harvest. Farmer takes Blacksmith's brother's deal, so Blacksmith offers Farmer a tool for 7.5 pounds of Farmer's harvest, and reminds Farmer that his tools are better quality than his brother's. So this time Farmer has a decision to make. </quote> In this case, the tools and harvest are essential items, so I 100% support supply and demand in this situation. You need those things in order to survive, especially if that is your full-time job. If the farmer was offered a $1000 game from the blacksmith just because it's "rare" or a "collectable", that is an absolute rip off. Owning a rare game is not an essential item. Just because a bunch of people want that piece of plastic, doesn't mean this should be worth more. --- The n00b of MBH and CE - and proud of it! President Chunkey Simmons, running for 2016.</quote> ... Copied to Clipboard!
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