That's funny because I told some of my colleagues who are economists about supply and demand curves not existing and they had a pretty big laugh about the whole thing.
when you mentioned the whole economic downturn.... it doesn't apply to why prices are set at one level or another, or why x company releases y numbers of products within their product line.
When I go to my final post-grad exams I will try not to explain graphically how market forces affect supply and demand, "because those curves simply do not exist"
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