Talk:Supply and demand

Consider Adding section: "Human Subject experiments with Supply and Demand"

In the 1960s, Vernon L. Smith developed market experiments based on inducing known Supply and Demand curves into a group of human subjects through conditional cash payments, and then observing the patterns of bids, asks, and trades in a market setting (1962, American Economic Review). For this and other work based strongly on supply/demand experiments and competitive market models that rely upon rational profit-seeking behavior, he shared the 2002 Nobel Memorial Prize in Economic Sciences. His work, along with numerous others, helped to found the specialty of Experimental Economics.

Merge proposal

The following discussion is closed. Please do not modify it. Subsequent comments should be made in a new section. A summary of the conclusions reached follows.

N Stale No discussion in over 10 months. Any user, including the user who first proposed the merger, may move forward with this merge due to no opposition. (non-admin closure) 𝗙𝗼𝗿𝗺𝗮𝗹𝗗𝘂𝗱𝗲𝘁𝗮𝗹𝗸 20:55, 4 August 2021 (UTC)

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Arising from an earlier discussion, it has suggested that Demand curve is best merged here, on the grounds that discussing supply and demand curves separately rather misses the point of them (see Talk:Demand curve). I agree. Klbrain (talk) 17:35, 19 September 2020 (UTC)

The discussion above is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.

Rename to "Supply and demand curves"

I'd like to point out supply and demand is not limited to the neoclassical school, only price determination using Marshall's curves is. Indeed, as the history section points out, classical economists like Smith and Ricardo made frequent reference to supply and demand. As did Marx. KetchupSalt (talk) 11:38, 22 December 2021 (UTC)

Element of economic

What demand and supply 41.204.146.210 (talk) 19:06, 19 January 2022 (UTC)

Poor example

smooth curve

Q ( P ) = 3 P − 2 {\displaystyle Q(P)=3P^{-2}} seems imho to be a poor choice since it has Q decreasing as P increases. JdelaF (talk)

This is entirely in line with the theory. What is more suspect is the supply curve, that price should increase with increasing supply despite economies of scale. This is brought up in the criticism section. KetchupSalt (talk) 12:25, 27 October 2022 (UTC)