Bronze Lifetime
- Messages
- 12,577
- Reactions
- 28,702
Yeah, scary how many people couldn't get past the first week of Econ 101 with Price-Quantity and Supply-Demand curves, isn't it?Like I said when they first said they were going to stop making them and some were freaking out and calling them names because they were not going to sell to civilians that it was because there was an excessive overstock of them that they needed to clear out and they would start once the demand was back and sure enough the demand came back and the overstock was wiped out.
It's just business why produce a something that you can't make a profit on because the market is flooded.
Simple: Demand goes up, Price goes up, Supply increases until equilibrium is restored. Demand goes down, Price goes down and Supply follows.
You can tell that many of the crowd went to public schools where this stuff was cut out of the curriculum decades ago... lol