If the price rises more will be produced.

No

*Sigh*
> Availability of raw materials
> For example, availability may cap the amount of gold that can be produced in a country regardless of price. Likewise, the price of Van Gogh paintings is unlikely to affect their supply.[2]
> Length and complexity of production
> **Much depends on the complexity of the production process. Textile production is relatively simple. The labour is largely unskilled and production facilities are little more than buildings – no special structures are needed. Thus the PES for textiles is elastic.** On the other hand, the PES for specific types of motor vehicles is relatively inelastic. Auto manufacture is a multi-stage process that requires specialized equipment, skilled labour, a large suppliers network and large R&D costs.[3]

Because demand is inelastic

Lol

Mhm, here’s where front loaded costs come into account

Guess you haven’t gotten to that chapter yet?

Because demand is inelastic

That only means price controls will be worse.

Lol

I don't know what you're referring to "front loaded costs" as either

...no

It means the fixed costs are higher and earlier than variable costs

is biden still winning?

So imagine your s/d chart

I don't see how that's relevant.

That’s because you don’t understand economics.

Imagine your s/d chart

In this situation you have a demand curve that drops off sharply

Because it doesn’t matter how many vaccines are produced, the market will not consume them past a certain point

Yes Biden is still in the lead @BarronVon

Because vaccines are a 1 time fire-and-forget good

Unlike most medicine

Do you understand?

Y’all are arguing about a vaccine that we don’t need

It’s not even an epidemic in the USA

That's why the price will equibirate at the correct point. This is all related to the consumer side, not to the producer side. For example, if you reduce the price artificially the company will produce less - demand will rise too.

I have to prep for a meeting- do you have an Econ professor you can ask about this? @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

I've asked myself.

No, that’s not how remand works

LOL

No sincerely, if there’s an Econ professor

اسيرو باربارباو

Ask them what the SD curve for a vaccine might look like

So, what you’re all saying is, subsidize the production of vaccines

It will be a fun discussion for your class

هيلوه

Heil satan

🇸🇦🇸🇦🇸🇦🇸🇦

🌚💔

هيلب