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re: Dow is down over 300 Points
Posted on 11/9/12 at 1:37 pm to BennyAndTheInkJets
Posted on 11/9/12 at 1:37 pm to BennyAndTheInkJets
Supply is fixed
Demand is completely elastic at the price point
Price is zero
Not sure if that counts as working or not. I think demand is being driven by the price in that scenario. The market clearing price is certainly above 0.
Demand is completely elastic at the price point
Price is zero
Not sure if that counts as working or not. I think demand is being driven by the price in that scenario. The market clearing price is certainly above 0.
0
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