3 ms·
Right but notice utility is mentioned nowhere. Demand is totally irrational, because it's human. See toilet paper, fujifilm x100v, tesla stock, NFTs. Supply can
by komali2 4y ago
Right but notice utility is mentioned nowhere. Demand is totally irrational, because it's human. See toilet paper, fujifilm x100v, tesla stock, NFTs. Supply can be arbitrarily subject to the irrational whims of humanity as well - see oil, diamonds.
"Supply + demand" seems an oversimplification of a huge chain of irrational human links.