this post was submitted on 07 Jun 2024
1119 points (98.6% liked)
Microblog Memes
5793 readers
2844 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Attributing price changes to "supply and demand" doesn't mean it's being attributed to both (ie supply changes and demand changes), simply that there is now a mismatch between the two
In this case, if supply remains the same, but demand decreases, then the price will go down until they are in equilibrium again
In a terrarium economy. We're so divorced from actual value this econ 101 stuff barely applies to late stage capitalism.