Florida House Republican Ryler Sirois introduced a new bill on Monday, aiming to make it illegal to manufacture, sell, hold, or distribute lab-grown meat within the state.
In a free market bigger demand results in bigger supply.
No, not necessarily. Supply can be inelastic, in which case, an increased demand would mean an increase in equilibrium price.
Like econ 100 level stuff.
But that’s all bullshit anyway, because “free markets” aren’t a real thing. Supply/demand curves can be helpful to get maybe a general idea of how things work on a massive scale, and in ideal circumstances (that don’t exist). But the world is far too complicated to reduce it to that. And your econ Prof will tell you the same.
More for me.
Not how it works under capitalism. In a free market bigger demand results in bigger supply.
Florida vs. the world. I’m good with those odds.
Again, not how it works. Florida’s demand increases supply elsewhere.
Again, the population of Florida is 0.276% of the world.
No one outside of Florida needs Florida or anyone in it.
‘Free market’ ‘Florida is banning…’ 🤔
No, not necessarily. Supply can be inelastic, in which case, an increased demand would mean an increase in equilibrium price.
Like econ 100 level stuff.
But that’s all bullshit anyway, because “free markets” aren’t a real thing. Supply/demand curves can be helpful to get maybe a general idea of how things work on a massive scale, and in ideal circumstances (that don’t exist). But the world is far too complicated to reduce it to that. And your econ Prof will tell you the same.