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Can anyone help with microeconomics graphing questions???

Discussion in 'Off-Topic Discussion' started by tacomathunder, Dec 12, 2013.

  1. Dec 12, 2013 at 11:10 PM
    #1
    tacomathunder

    tacomathunder [OP] Well-Known Member

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    Totally lost and killing myself in the library trying to figure this out... Starting with #8 aqa9utyq_a08b7aba94c3901c1f8c6aba6872d83ffa57dfb8.jpg
     
  2. Dec 12, 2013 at 11:21 PM
    #2
    BDBSoCal

    BDBSoCal The Safety Guy

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    Just starting...
    More demand = higher price.

    Example: More people want used Tacoma 4x4 trucks than non-4x4 trucks. Therefore the resale value for used 4x4s is higher than for a 2x4 that is otherwise the same year, trim, etc.
     
  3. Dec 12, 2013 at 11:23 PM
    #3
    tacomathunder

    tacomathunder [OP] Well-Known Member

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    ok, i understand that much... I'm having trouble graphing #8 in short term vs. long term
     
  4. Dec 12, 2013 at 11:40 PM
    #4
    Redfox1

    Redfox1 'Stralia! Riding Roo's and wrangling koalas

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    dang took this last year and i don't remember it at all ha. I feel like all the short run long run and no competitors thing is stuff you just had to memorize… Don't you have a textbook?
     
  5. Dec 12, 2013 at 11:42 PM
    #5
    Redfox1

    Redfox1 'Stralia! Riding Roo's and wrangling koalas

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  6. Dec 12, 2013 at 11:51 PM
    #6
    tacomathunder

    tacomathunder [OP] Well-Known Member

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  7. Dec 13, 2013 at 12:00 AM
    #7
    Redfox1

    Redfox1 'Stralia! Riding Roo's and wrangling koalas

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    :thumbsup:
     

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