People will work at many prices. I’ll work practically anything at a million dollars an hour, and even more so at a billion dollars an hour. There are rather fewer prices, however, that will equate quantity supplied to quantity demanded, where both quantity supplied and quantity demanded should be understood as points on a supply/demand schedule describing the amount people want to sell/buy at that particular price.
I’m working on a series of articles about economics I hope to start posting fairly soon. I’m sure you’ll find them interesting....
People will work at many prices. I’ll work practically anything at a million dollars an hour, and even more so at a billion dollars an hour. There are rather fewer prices, however, that will equate quantity supplied to quantity demanded, where both quantity supplied and quantity demanded should be understood as points on a supply/demand schedule describing the amount people want to sell/buy at that particular price.
I’m working on a series of articles about economics I hope to start posting fairly soon. I’m sure you’ll find them interesting....