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#31
11-06-2007, 08:43 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
[ QUOTE ] im failing so i cant help you. [/ QUOTE ] 49 dollar buy-out paid in cash tomorrow? [/ QUOTE ] kiss my ass ill bribe milloman b4 i buy out 
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#32
11-06-2007, 08:44 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
its helpful to remember that supply/demand curves are completely independent of one another. i remember lots of questions relating to one of the curves being effected, and trying to see if students understand that the other is not changed, ie:
the materials required to produce pencils have become much more expensive, what happens to the demand of pencils? well the demand doesn't change. people still want to buy y pencils for x dollars. the supply curve changes, which effects the equilibrium price and number of pencils sold, but it doesn't have any effect on the demand curve for pencils. this is probably pretty basic for you but it was definitely on a few of my micro exams
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#33
11-06-2007, 08:47 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
[ QUOTE ] [ QUOTE ] okay think of it like this. my butt is in supply and in demand. get it now? [/ QUOTE ] supply is much larger than demand imo. [/ QUOTE ] 9.0 Would've been higher but you get no points for difficulty. [/ QUOTE ] /insert joke about same score after bagging your wife.
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#34
11-06-2007, 08:48 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
that sounds like something this tricky bitch would ask. the demand curve doesn't change but the quantity demanded does.
she is really mean btw, every time i ask her a question she thinks i'm making fun of her
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#35
11-06-2007, 08:48 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
[ QUOTE ] okay think of it like this. my butt is in supply and in demand. get it now? [/ QUOTE ] supply is much larger than demand imo. [/ QUOTE ] this means there is a surplus and consumers have the upper hand imo.
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#36
11-06-2007, 08:51 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
[ QUOTE ] [ QUOTE ] okay think of it like this. my butt is in supply and in demand. get it now? [/ QUOTE ] supply is much larger than demand imo. [/ QUOTE ] this means there is a surplus and consumers have the upper hand imo. [/ QUOTE ] prices for that ass are definitely dropping imo. i got a piece for a slightly used nickle
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#37
11-06-2007, 08:53 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
nt!,
, is it true you are almost as fat as dids?
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#38
11-06-2007, 08:54 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
[ QUOTE ] land is perfectly inelastic. E=100000000000000000000, because no matter what the price change, there will be no change in quantity consumed. [/ QUOTE ] Wait. What? [/ QUOTE ] The supply of land is finite and non changing. Even if price of land is one dollar, more cannot be produced. Lots of people will want it, and there will be a land shortage, so price will eventually go up (this is why manhattan real estate prices are so high). If land is expensive, no one will want it, but the quantity of land does not change. Obviously, ice cream is not like this. If lots of people want to buy ice cream, we can just make more of it, so total quantity of ice cream is very dependent on its price. For land, this is not the case. I should not have said quantity consumed, that was wrong. What I meant was simply changes in prices of land will not lead to changes in quantity of land SUUPLIED, where as with most things: wine, cars, clothes, etc, have normal price elasticities, where if everyone wants jeans and they arent enough of them, someone will produce more. ALso, I have only really talked about Supply Elasticities. Elasticities can also refer to demand. ALSO, elasticity is percent change in Q over percent change in P, not what i wrote earlier. I always mix that up for some reason
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#39
11-06-2007, 08:55 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
you know it's sad when i would rather take your micro mid-term tomorrow than sit here and do all the regression analysis on this panel data project im working on in SAS right now
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#40
11-06-2007, 08:57 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
that sounds like something this tricky bitch would ask. the demand curve doesn't change but the quantity demanded does. she is really mean btw, every time i ask her a question she thinks i'm making fun of her [/ QUOTE ] SHE WILL DEFINITELY ASK THIS. ALL ECON PROFS DO. This is equvalent to talking about things that SHIFT the curves (called REAL factors, like a change in consumer preferences, the cost of inputs (gas), etc) and things that cause MOVEMENT along the curves, like changes in prices of the commodity
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Linear Mode
