• marcos@lemmy.world
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    3 days ago

    Supply and demand is a framework, not a model. It doesn’t say anything.

    Apparently the entire internet failed to learn Econ101.

    • explodicle@sh.itjust.works
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      2 days ago

      If I could teach everyone on Earth one thing, it would be how to read a supply and demand diagram. So much is wasted because we as a people don’t understand elasticity and surplus.