Message from @Green Syndicalism
Discord ID: 618984155849424897
this isnt what the scientific method does.
You just said that they are based on empirical data...
demand is analysed, and then bundled into a curve for the entire market.
no
the law of demand is a presupposition
The law of demand?
That the higher the price, the lower the demand?
How is that a presupposition?
That is observable fact.
thats what gives you the shape of the individual demand curve
yes i agree
its a presupposition backed by evidence
but the aggregation of these individual demand curves
So where is the problem?
*is done by a method which uses false assumptions*
so we're constructing a theory based on *empirical falsities*
*this is unscientific*
As I stated, I am unfamiliar with the English terminology.
Explain what you mean by _individual demand curves_
Since the demand graph would involve a measure of quantity that is demanded,
would it not only variate between 0 and 1 if it is an individual curve?
its not a probability?
...unless the individual wants several units of the product in discussion, I suppose
I was assuming each individual would only hold demand for 1 unit
its a measure of quantity and price
so it doesnt have to be 0<x<1
I meant
haha wtf!
0 or 1,
not 0<x<1
nah its a continuous graphing
you can't really buy 0.5 of a product, can you?
It's supposed to be,
but you're speaking of individual curves
oh well sort of
youre right in that these things are discretized
but the way we chart them
is continuous
so we can extrapolate
ie we draw points in the graph