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Can someone please explain Supply/Demand to me?

post #1 of 23
12/13/05 at 8:34pm
Thread Starter 
I have economics class and my teacher is not very bright to say the least. Can someone explain to me or link to a good website on how does Supply/Demand work and what influences different changes in it. Thanks a lot for the help!
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post #2 of 23
12/13/05 at 8:37pm
Quote:
Originally Posted by MrSlacker
I have economics class and my teacher is not very bright to say the least. Can someone explain to me or link to a good website on how does Supply/Demand work and what influences different changes in it. Thanks a lot for the help!

EDIT: OOOPPSSS Can someone please move this to correct forum. Thanks
Are you talking economics class in collage?
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post #3 of 23
12/13/05 at 8:44pm
Thread Starter 
Quote:
Originally Posted by CSX-147K
Are you talking economics class in collage?
No, I am in high school.
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post #4 of 23
12/13/05 at 8:47pm
wikipedia is your best friend.

http://en.wikipedia.org/wiki/Supply_and_demand

that's about everything you'd need to know for now make sure you understand the distinction between supply/demand and quantity supply/quantity demand. It's fairly simple, I LOVE economics.
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post #5 of 23
12/13/05 at 8:52pm
Quote:
Originally Posted by kin0kin
wikipedia is your best friend.

http://en.wikipedia.org/wiki/Supply_and_demand

that's about everything you'd need to know for now make sure you understand the distinction between supply/demand and quantity supply/quantity demand. It's fairly simple, I LOVE economics.
... i'm major in economics
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post #6 of 23
12/13/05 at 9:13pm
economics is fun, but I wouldn't major in it. Career reasons. It'd be third in my list:

Accounting
Finance
Economics

(yup, i'm a freaking accounting major) and exams are tomorrow.....

this thread really has to go to member's lounge
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post #7 of 23
12/13/05 at 9:33pm
Thread Starter 
I PMed Santa to move it..... Accounting is boring! I have accounting class and all i do is sleep coz its so boring
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post #8 of 23
12/13/05 at 9:39pm
Quote:
Originally Posted by MrSlacker
I PMed Santa to move it..... Accounting is boring! I have accounting class and all i do is sleep coz its so boring
heh heh, your name is very fitting.
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post #9 of 23
12/13/05 at 9:43pm
Lesson #1:

There is a very high demand for Grado HF-1 headphones, and there is a very limited supply that is not growing, so the price on them is going up.
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post #10 of 23
12/13/05 at 9:44pm
Quote:
Originally Posted by MrSlacker
I PMed Santa to move it..... Accounting is boring! I have accounting class and all i do is sleep coz its so boring
some people do find it boring. My parents had been telling me how damn boring it is and asked if I relly wanted to do it....but well...yeah I love it....especially when it gets more advance, you get more discretion in how to account things instead of just following the rules.
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post #11 of 23
12/13/05 at 9:57pm
Quote:
Originally Posted by matt8268
Lesson #1:

There is a very high demand for Grado HF-1 headphones, and there is a very limited supply that is not growing, so the price on them is going up.
To top of it, the last HF-1 was lost in the mail, which means that Grado is making 451 HF-1s, which means the supply just went up .22%. On top of that someone just got an HF-1 for free, which means that the average price just took a $.44 dive or .22%.....hmmmmm.....

So, what you are telling me is that I like woodie?
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post #12 of 23
12/13/05 at 9:57pm
Had to post again to say....

woooodiiie!!!!

Damn why did my HF-1s have to get lost, I'm going crazy!
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post #13 of 23
12/13/05 at 11:31pm
Quote:
Originally Posted by Chef Medeski
Had to post again to say....

woooodiiie!!!!

Damn why did my HF-1s have to get lost, I'm going crazy!
Wow, I am very sorry to hear that, but I guess if someone happen to pick it up, and decide to sell that on ebay. Then you know that it is yours by looking at the serial number.
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post #14 of 23
12/14/05 at 11:54pm
Thread Starter 
Had the test today. Hopefully i did OK.
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post #15 of 23
12/15/05 at 12:01am
I totally fell asleep everyday in the front row of my economics class in high school. I read the book at home in peace and still passed it with a B though.
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