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>I knew this, but reading it again in this context makes many business decisions very clear. Yeah. You can get this very clear in your mind by considering a f
by logicallee 8y ago
>I knew this, but reading it again in this context makes many business decisions very clear.
Yeah. You can get this very clear in your mind by considering a few examples. Here's one.
How much demand is there for legal, genuine, clean $2 bills that are legal currency and have no meaningful restrictions (won't get you in trouble, nothing special about it)?
Barring anything I can think of, just your personal demand for such bills should be at least a billion of them... at the price point of $1.99 each. (For a profit of 1 billion * $0.01 = $10 million USD. There are some logistics involved, according to Google a U.S. dollar bill weighs about a gram, so a billion grams weigh in at around 1102 tons. So that is approximately $9074 per ton. But for $10 million you'll figure the logistics out.)
And now compare your personal demand for them at $2.00. That's probably about 0 in number. Why would you want even one of them, they're less useful than the $2 in other currency you bought it for.
So just your personal demand for a legal $2 bill is either a billion of them or 0 of them, depending on whether we're talking about the price point of $2.00 or $1.99.
Demand is at a given price point.