https://gdpark.blog/tags/supply-and-demand/Recent content in Supply and Demand on gdpark.blogHugoenThu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-03-demand-curve-and-supply-curve/Sun, 03 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-03-demand-curve-and-supply-curve/We build the demand curve from scratch using red ginseng as our example market, then unpack the law of demand plus direct vs. derived demand — heh heh.https://gdpark.blog/posts/microeconomics-04-equilibrium/Wed, 13 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-04-equilibrium/Turns out economic equilibrium is a dynamic concept — and it clicks way easier once you see it’s basically the same thing as thermal equilibrium in physics.https://gdpark.blog/posts/microeconomics-42-perfectly-competitive-markets/Thu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-42-perfectly-competitive-markets/A casual breakdown of perfectly competitive markets — why we bother studying a model that doesn’t exist, plus a walkthrough of its four core assumptions.