Honestly this is a perfect example of supply and demand because there are far more buyers in the marketplace than consoles that can be sold. I've been a part of 4 different Sony "drawings" and have yet been able to snag one at retail price. @Econ_Sport_Prof#UCCEcon
This picture relates to microeconomics in regards to supply and demand because due to supply and demand this 499.99 dollar console is now selling for well over its value from numerous private sellers and scalpers. @Econ_Sport_Prof#UCCEcon
@80onmywrist@Econ_Sport_Prof Absolutely! I couldn't agree more considering unemployment has fallen under 5% when companies simply have started paying higher wages over the last few months. Higher pay brings more labor back into the workforce. @Econ_Sport_Prof#UCCEcon
I would be really curious to see how losing someone like OBJ would actually affect ticket sales, considering the Browns are a small market team with a price ceiling anyways. @Econ_Sport_Prof#UCCEcon
@Econ_Sport_Prof
This happened yesterday and would have massive effects on both sides. One side you can see ticket sales go down for the Browns due to Odell's popularity and on the other end you can see an up tick in ticket sales for the team he ends up going to. #UCCEcon
The supply of workers are creeping up as avg wages in rose by 4.9% over the yr, causing the unemployment rate to drop. Demand for workers have caused companies to pay employees more, thus bringing more supply into the marketplace. @Econ_Sport_Prof#UCCEcon https://t.co/R92SHCAMVl
Interest rates expecting to slowly increase will cause less buyers to enter the market, thus the ratio of supply and demand will inch a little bit closer to normal "pre-bubble" circumstances. @Econ_Sport_Prof#UCCEcon
We will not face another foreclosure crisis, because unlike 13 yrs ago there are more buyers than available properties in the market. Homeowners have more equity than debt in their homes, because of the supply shortage. @Econ_Sport_Prof#UCCEcon
The crisis at the ports has never been about not being able to get the containers. It's been about the supply of truckers plummeting and the demand skyrocketing in the market because of it.Companies refused to pay new market rate, because it was 6x more. @Econ_Sport_Prof#UCCEcon
Supply Chain Fiasco Is Literally Like a Ship Without a Port as Left-Wing CA Policies Bring Truckers to Screeching Halt - CBN News https://t.co/6mj7RvLXSk #SupplyChainCrisis@GoogleNews