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podiumite /forum
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| 08-31-2011, 03:32 PM | |
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In fact, you have not shown that this would do anything to decrease consumption either. If a particular wood has a sonic characteristic that doesn't have a substitute, an increase in price will not necessarily decrease consumption. These types of instruments are sold to connoisseurs which leads to a low price elasticity of demand. Science is much more than a body of knowledge. It is a way of thinking. This is central to its success. Science invites us to let the facts in, even when they don’t conform to our preconceptions.
~ Carl Sagan |
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Take it up with the SCOTUS then.
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Would you at least agree that having no substitute is the rare case? |
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Gibson's press release says that the wood seized was FSC controlled, there is no evidence they attempted to bypass any regulations by any country, let alone the US.
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Your potential can never exceed your expectations.
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. Have you ever taken an economics course? A simple change in price will not alter the demand curve, it will only change consumption level, You economic analyses are so flawed it is becoming hard to read them!
Last edited by theflintseeker; 09-05-2011 at 11:16 PM.. |
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The demand curve didn't change, they just went to a different place on the curve. There has been no "shock to demand"; only a "shock to supply". What you are bungling is the essence of identification problems in demand analysis. Fail. Bureaucracy only served to raise the price. See above. |
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Bureaucracy CAN completely shut off supply at any price. Plus, when the price goes up, people do switch to substitutes which is essentially reduces demand. When I say demand, that is shorthand for quantity demanded: [about.com]
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You are officially busted-
The ultimate equivocation, pretend you were talking about something else the whole time. It would have been refreshing to hear you just admit you made a mistake but this just supports your reputation of intellectual dishonesty. I even offered you an out, that you were referring to consumption (something much closer to quantity demanded), yet you continued with your pretentiousness going as far as chiding another poster for trying to correct you AGAIN. |
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