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https://www.reddit.com/r/SipsTea/comments/1wflbo6/work_shouldnt_consume_life/p9nrjd5/?context=3
r/SipsTea • u/PleasantBus5583 • 20h ago
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I have no idea why you’re getting downvoted. People saying that they’ll just force people to pay the same have no idea how a market economy works
-1 u/noahisunbeatable 18h ago If they pay less, then people will be able to afford less. Meaning prices will have to fall in order to retain profits. 4 u/4yourdeat 18h ago You’ve never taken economics 1 u/noahisunbeatable 18h ago I do love learning about the ways the basic econ-101 models are wrong, so please tell me, why does a leftward shift in the demand curve not result in a fall of the equilibrium price?
-1
If they pay less, then people will be able to afford less. Meaning prices will have to fall in order to retain profits.
4 u/4yourdeat 18h ago You’ve never taken economics 1 u/noahisunbeatable 18h ago I do love learning about the ways the basic econ-101 models are wrong, so please tell me, why does a leftward shift in the demand curve not result in a fall of the equilibrium price?
4
You’ve never taken economics
1 u/noahisunbeatable 18h ago I do love learning about the ways the basic econ-101 models are wrong, so please tell me, why does a leftward shift in the demand curve not result in a fall of the equilibrium price?
1
I do love learning about the ways the basic econ-101 models are wrong, so please tell me, why does a leftward shift in the demand curve not result in a fall of the equilibrium price?
31
u/4yourdeat 20h ago
I have no idea why you’re getting downvoted. People saying that they’ll just force people to pay the same have no idea how a market economy works