4 ms·
> the first order term has to do with how much money people have (well and there's the interplay with where those people want to live). That is the demand curv
by verteu 2y ago
> the first order term has to do with how much money people have (well and there's the interplay with where those people want to live).
That is the demand curve in a supply-demand model.
- ajkjk 2y agoSure, but is a lot more complicated than that when you factor in people and companies changing markets, building happening at different price points, etc.
- deleted 2y ago[deleted]
- verteu 2y agoBut "people and companies changing markets" is encoded in the slope of the demand curve, and "building happening at different price points" is encoded in the slope of the supply curve, right?