Trade argument moved from the presidential poll thread

[Kidlicious]

Originally posted by KrazyHorse
Kid, you are bordering on TT territory. As long as demand curves slope downward, an increase in the number of nuts while the number of berries remains constant INCREASES the price of berries in terms of nuts.

Obviously yes, but that's probably not all that will happen. People have invested heavily in nuts and now they have to get rid of them fast. Chaos insues. By definition, you don't know what will happen in a chaotic situation.

[KrazyHorse]

You're a gas, kiddo.

[KrazyHorse]

Originally posted by Japher


Demand does not determine the production levels of oil, sadly.

Cartels are dumb, throw rocks at them.

Kid doesn't even understand the simplest things. Stop trying to confuse him with something slightly more complicated.

[KrazyHorse]

Originally posted by Kidicious


Which has no effect on the profit/bbl that producers recieve, since they get paid in USD.

Seriously, this is hilarious. The total quantity of oil demanded increases, but somehow the price does not rise. The oil producers have decided that they're not going to let no damn Euros bid up the price of oil.

Instead, they'll cut production. That'll show them!

[Kidlicious]

Originally posted by KrazyHorse




Seriously, this is hilarious. The total quantity of oil demanded increases, but somehow the price does not rise. The oil producers have decided that they're not going to let no damn Euros bid up the price of oil.

Instead, they'll cut production. That'll show them!

The only price that matters is the price in USD. Just because the price in Euros decreases doesn't mean the producers will produce more or the same amount. Now if demand increased then that would affect the quantitiy of oil, but that's neither here nor there.

[KrazyHorse]

Yup. Triple tarditude. Congratulations.

[Kidlicious]

KH,

Draw youself a supply curve (don't bother with the demand curve). No draw P1 and P2 lower than that. Tell me how the quantitiy was affected.

[KrazyHorse]

You are a ****ing idiot. SRSLY.

[Kidlicious]

Wow!

[Kidlicious]

If you don't understand the law of supply you probably won't understand this, but I'll post it anyway.

[Thue]

Originally posted by Kidicious
KH,

It's very simple. The value of the dollar falls, which lowers the value of oil. In turn the oil producers cut back production. That's how it works.

Economy 101: F

[Kidlicious]

Originally posted by Thue


Economy 101: F

You're not qualified to grade in that subject. I am.

[-Jrabbit]

Thanks for starting this thread, Kid.

[KrazyHorse]

Originally posted by Kidicious


You're not qualified to grade in that subject. I am.

[Kidlicious]

I don't blame you for acting like the idiot in econ class that doesn't understand simple economics so he argues with the professor. You look smarter that way than when you actually try to explain what you think.