Posted on 09/12/2006 11:52:52 AM PDT by MNJohnnie
I think Rove and Bush secretly converted the White House swimming pool into a gasoline reserve. That's the real reason they closed the press briefing room, so reporters would not catch onto what the oil men were doing.
Not that I haven't witnessed crying from the old fogies, but I missed the issue with "Bush's Fault". What was the whine?
Yeah, well I paid $2.09 at Giant Eagle in Gahanna OH.
Investigation?
As to why gas was $3.19 a little over a month ago? YOU BET!
But, everyone knows Bush is orchestrating these free-falling gas prices to help Republicans in the upcoming elections.
[/sarc] (better safe than sorry)
Darn that nasty old capitalism! Why it would be SO much better if we put Government Bureaucrats in charge of fixing prices to protect us!
But wait, they tried that little doge in Hawaii. Guess who is STILL paying the highest prices anywhere in the US?
That right, Hawaiians.
Darn that nasty old capitalism! Why it would be SO much better if we put Government Bureaucrats in charge of fixing prices to protect us!
But wait, they tried that little doge in Hawaii. Guess who is STILL paying the highest prices anywhere in the US?
That right, Hawaiians.
- Please, not even a believable red herring.
supply and demand had litlle if anything to do with a 1/3 drop in the price of gas at the pump.
If you can prove otherwise - please do so.
Believe it...you weren't.
Do-oh!!! I missed #5. Darn it.
Don't blame them. Its BUSH'S FAULT!!
Just filled up at 2.89 at Mobil that gives you back .10 per gallon for a car wash that is quite good....so I paid 2.79 but bought the top wash for 9.00....car was extra dirty...but I got a special sponge wipe down with suds from a south of the border fella....had some comments but I didn't understand his lingo.
Not up to the accused to prove their innocence is up to the accuser to prove their accusations.
YOU make the accusation, PROVE your accusations. I point out that ever single Investigation by Congress has prove you assumption a LIE. So since the record shows your accusations to have been fraudlent in the past, how come we are suddenly suppose to believe your completely unsubstatiated accusation are true?
I say your accusation are fraud. It up to you to prove us wrong.
Supply is the quantity that producers are willing to sell at a given price. For example, the potato growers may be willing to sell 1 million lbs of potatoes if the price is $0.75 per lb and substantially more if the market price is $0.90 per lb. The main determinants of supply will be the market price of the good and the cost of producing it. In fact, supply curves are constructed from the firm's long-run cost schedule. Supply curves are traditionally represented as upward-sloping because of the law of diminishing marginal returns. This need not be the case, however, as described below.
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Special cases of a supply curve
As described above, the general form of a supply curve is upward sloping. There are cases, however, when supply curves do not slope upwards. A well known example is for the supply curve for labor: backward bending supply curve of labour. As a person's wage increases, they are willing to supply a greater number of hours working, but when the wage reaches an extremely high amount (say a wage of $1,000,000 per hour), the amount of labor supplied actually decreases. Another example of a nontraditional supply curve is generally the supply curve for utility production companies. Because a large portion of their total costs are in the form of fixed costs, the marginal cost (supply curve) for these firms is often depicted as a constant.
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Demand
Demand is the quantity of a good that consumers are not only willing to purchase but also have the capacity to buy at the given price per unit of time. For example, a consumer may be willing to purchase 2 lb of potatoes if the price is $0.75 per lb. However, the same consumer may be willing to purchase only 1 lb if the price is $1.00 per lb. A demand schedule can be constructed that shows the quantity demanded at each given price. It can be represented on a graph as a line or curve by plotting the quantity demanded at each price. It can also be described mathematically by a demand equation. The main determinants of the quantity one is willing to purchase will typically be the price of the good, one's level of income, personal tastes, the price of substitute goods, and the price of complementary goods.
The shape of the aggregated demand curve can be convex or concave, possibly depending on income distribution.
The capacity to buy is sometimes used to characterise demand as being merely an alternate form of supply.
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