Talk:Supply and demand: Difference between revisions
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imported>Anthony Argyriou (subpaginate) |
imported>Anthony Argyriou (reply re completeness) |
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[[User:Nick Gardner|Nick Gardner]] 05:21, 17 October 2007 (CDT) | [[User:Nick Gardner|Nick Gardner]] 05:21, 17 October 2007 (CDT) | ||
:Nick - If this article is about the '''law of supply and demand''', then I'd agree that it's developed, though not complete - there should be a discussion about apparent violations of the law of supply and demand, more discussion of elasticity, and the effects of taxes and rationing on the equilibrium. However, if the article is about '''supply and demand''', then there needs to be significantly more added to it, to explain supply, to explain demand, to explain substitution effects, explain time lag effects, etc., as well as those issues which I listed above. [[User:Anthony Argyriou|Anthony Argyriou]] 12:32, 25 October 2007 (CDT) | |||
Revision as of 11:32, 25 October 2007
A fresh start
I am inclined to believe that this is all that need be said in this article, given that the reader can learn more by following either of the two links.
It may come as a surprise that I have not used the familiar intersecting curves to illustrate the concepts. I suspect that graphical reasoning is helpful only to those who have a grounding in the physical sciences, and that others find it off-putting. In any case, I do not think that in this case it adds anything that cannot be conveyed by simple verbal logic.
Nick Gardner 05:21, 17 October 2007 (CDT)
- Nick - If this article is about the law of supply and demand, then I'd agree that it's developed, though not complete - there should be a discussion about apparent violations of the law of supply and demand, more discussion of elasticity, and the effects of taxes and rationing on the equilibrium. However, if the article is about supply and demand, then there needs to be significantly more added to it, to explain supply, to explain demand, to explain substitution effects, explain time lag effects, etc., as well as those issues which I listed above. Anthony Argyriou 12:32, 25 October 2007 (CDT)