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[–] 1 point 9 months ago (21 children)

Tell us you dont understand economics without telling us..

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  • [–] 0 points 9 months ago (20 children)

    Supply demand curves are usually drawn with straight lines.

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  • [–] 3 points 9 months ago (19 children)

    never once in my economics education did they do that. not just because it's easier to draw a curve than a straight line, but because the shape of the curve defines the type of good. maybe your economics education was just... bad?

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  • [–] -1 points 9 months ago* (18 children)

    Supply and demand | Definition, Example, & Graph | Britannica Money

    Type economics supply and demand curve into Google images for more data points than your personal experience.

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  • [–] 3 points 9 months ago (17 children)

    ooo, everyday people (not economists) can put bad images up on the internet

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  • [–] 0 points 9 months ago (16 children)

    This is from an encyclopedia. Here's another

    Did your economics training teach you to ignore data?

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  • [–] 2 points 9 months ago (15 children)

    let's talk about opportunity cost. did you learn that?

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  • [–] 2 points 9 months ago

    first: neither brittanica nor investopedia are run by or written by economists. those images were made, probably in excel first, they're terrible, and then considered done. how much longer does it take to get a set of curves that line up precisely in the center versus a set of straight lines that line up precisely in the center? especially when the point you're trying to illustrate with your diagram is not (a) the more realistic shape of the utility curves that define the supply and demand curves, but is in fact (b) the equilibrium point at the intersection. it takes a lot longer to get the curves right, right? and that's not the important part of the model! better to just save 15 seconds and use straight lines, you can illustrate the curves on another diagram

    that is how economists think

    that is why those stupid images are there.

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  • [–] 0 points 9 months ago (13 children)

    Economists make it linear again.

    opportunity-cost-definition.png

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  • [–] 2 points 9 months ago (12 children)
  • [–] 0 points 9 months ago (11 children)

    Hilarious.

    Check out the supply/demand Figure 4-8 on page 80

    Economists can't handle non-linear relationships.

    Prosecution rests.

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  • [–] 2 points 9 months ago (10 children)

    what is it trying to illustrate in the model?

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  • [–] 0 points 9 months ago (9 children)

    I've made my point.

    The example text book you pulled of the shelf written by "proper economists" has the exact same linear S/D diagram I posted at the top of this thread.

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  • [–] 3 points 9 months ago (8 children)

    so you can't figure out the point it's trying to illustrate by simplifying assumptions. tada!

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  • [–] 0 points 9 months ago (7 children)
  • [–] 2 points 9 months ago (6 children)

    let me give you some advice. read the text instead of just skimming for pretty pictures. maybe next time you won't fail your economics class

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  • [–] 0 points 9 months ago (5 children)

    never once in my economics education did they [draw straight lines].

    It seems you are the one who should have paid attention in class.

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  • [–] 2 points 9 months ago (4 children)

    considering i'm the one who has experience in econometrics and you're arguing ITS ALL STRAIGHT LINES because you never got past that part, yeah no.

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  • [–] 1 point 9 months ago (3 children)

    You have no academic experience. You can't even quote properly.

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  • [–] 2 points 9 months ago (2 children)

    sure dude sure. keep making stuff up.

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  • [–] 0 points 9 months ago (1 child)

    Making stuff up is literally what I just accused you of.

    Only you have written "ITS ALL STRAIGHT LINES".

    I'd accuse you of being an LLM but no-one would train something to score this many own goals.

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