Macroeconomics-Michael and Chris

Macroeconomics-Michael and Chris

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  • Yo bro you tryna come with me to get this xbox
  • Don't buy one now especially with this surplus
  • Just wait till Black Friday I'll go with you
  • Wednesday, October 17
  • These things cost "mucho dinero" you feel me?
  • Price
  • Quantity supplied > Quantity demanded
  • Just be patient 
  • Quantity
  • -Supply -Demand
  • Black Friday passed and I still wasn't able to get an xbox, they all sold out!
  • Monday, Nov. 26
  • Yeah, sorry bout that
  • That surplus quickly changed into a shortage
  • Quantity supplied < Quantity demanded
  • Price
  • When people heard of those decreasing prices, they jumped like sharks on kids
  • Quantity
  • -Supply -Demand
  • Just wait for the supply and demand to reach equilibrium
  • So I'm just supposed to say screw it, let life run me down?!?!
  • Suure! And what is that? I swear if you show another graph...
  • Price
  • This is the point of equilibrium!
  • -Supply -Demand
  • When supply and demand reach point of balance
  • Quantity
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