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    lee9859's Avatar
    lee9859 Posts: 1, Reputation: 1
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    #1

    Feb 23, 2008, 04:37 PM
    Supply and demand
    My question is if demand remains the same and supply increases
    What happens to prices and quantity
    ISneezeFunny's Avatar
    ISneezeFunny Posts: 4,175, Reputation: 821
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    #2

    Feb 23, 2008, 04:49 PM
    http://www.benbest.com/polecon/shift.gif
    Vivi1987's Avatar
    Vivi1987 Posts: 11, Reputation: 1
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    #3

    Mar 19, 2008, 02:09 AM
    The demand would be perfectly elastic, The price usually decreases to attract more buyers. This will result in a straight horizontal line on the graph.
    ISneezeFunny's Avatar
    ISneezeFunny Posts: 4,175, Reputation: 821
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    #4

    Mar 19, 2008, 05:12 AM
    Vivi, the picture on the right of the webpage is EXACTLY what the OP is describing. The supply increased while the demand stayed the same, thus decreasing the price and increasing the quantity.

    YOU are wrong when you're describing that the demand is elastic as the elasticity of demand is determined by the type of goods. Please either do some research or know what you're talking about before posting.
    ISneezeFunny's Avatar
    ISneezeFunny Posts: 4,175, Reputation: 821
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    #5

    Mar 19, 2008, 05:24 AM
    Vivi, this is the pm you sent me:

    Hey, I may not be an expert myself, but in fact I have the ecenmics currently as an subject. I am new to this, okay?

    Atleast I thought about it..........point 1,
    and tried to answer..................point 2.

    I didn't even saw the diagram.

    So back off if you don't mind.

    1. You didn't even LOOK at the diagram and are disagreeing with me? What.. Why would you disagree with someone when you have NO idea what they're talking about?

    2. I have studied economics for 2 years taking over 5 courses... so

    A) At least I thought about it TOO
    B) I tried to answer it AND I got it right.

    So YOU back off and disagree with people when:

    1. You actually READ someone's post

    2. When you KNOW someone's wrong.
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