The oil issue ... - page 14

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Владимир:
The Chinese leadership is first and foremost defending the interests of its country and its people. And rightly so.
Yes, but they are very upsetting to Sergei Golubev!
 
Дмитрий:
Yes, but they're really upsetting Sergei Golubev!
Who is he?
 
Avals:
demand is inelastic) i.e. it depends, but only weakly.
If demand is inelastic and supply is elastic, then prices are obviously high. Conversely, when prices are low, demand becomes elastic, and supply is inelastic. This is according to the supply and demand curves.

 
ratnasambhava:
If demand is inelastic and supply is elastic, then prices are obviously high. Conversely, when prices are low, demand is elastic and supply is inelastic. This is according to the supply and demand curves.

The result is a swing. You can never stop this swing.
 
ratnasambhava:
If demand is inelastic and supply is elastic, then prices are obviously high. Conversely, when prices are low, demand becomes elastic and supply is inelastic. This is according to the supply and demand curves.

If demand is inelastic, the demand curve is a horizontal straight line.

Although oil demand is in fact inelastic

 
ratnasambhava:
If demand is inelastic and supply is elastic, then prices are obviously high. Conversely, when prices are low, demand is elastic and supply is inelastic. This is according to supply and demand curves.

Where did you get that from)) instead of elasticity and inelasticity it should be surplus and deficit. Throw those graphs out - they are a spherical horse in a vacuum
 
Владимир:
You get a swing. Such swings can never be stopped.
My point is that if demand is still inelastic, despite such a drop in price, then it turns out how much it was originally overpriced.
 
Avals:
where did you get that from)) instead of elasticity and inelasticity it should be surplus and deficit. Get rid of these graphs - they are a spherical horse in a vacuum.
You're looking at the wrong thing. The tangent to the graph is what determines the elasticity. If it slopes strongly to the abscissa axis, elasticity is low, otherwise if it is almost perpendicular to it, elasticity is high, in other words, how quickly or slowly supply or demand changes in response to price changes.
 
Avals:
where did you get that from)) instead of elasticity and inelasticity it should be surplus and deficit. Get rid of these graphs - they are a spherical horse in a vacuum.
If anything, then it turns out that any theory is a "spherical horse in a vacuum" too.
 
Дмитрий:
The US dollar is the only world currency today.

I don't care if it's universal.)

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