Attended the make-up lecture for Principles of Economics... very interesting...
Today lecture is on the basic of economics.. supply and demand curve...
For those who studied economics before, this is like peanuts to you...
what supply and demand curve is all about is...
If demand unchanged, increase in supply of the products, will cause the price to drop, quantity sold to increase and vice versus.
If supply unchanged, increase in demand of the products, will cause the price to increase, quantity sold to increase and vice versus.
The demand and supply must react complement with each other in order to gain the socially optimal levels.
Then in the way walking before hostel, I started thinking about the lecture... then I wonder... can it be applied to our life... hmmmm....
I started thinking that chasing after girls is something like the demand and supply curve.
For examples, the love you give is the supply and the love the girl wanna receive is the demand...
Let's talk about the increase in supply first... and see what will happen...
Initially, if you like the girl, you'll shower her with more love, thus increasing the supply for love...
case 1:
If the girl remains untouched and totally no feeling for you (no change in demand), it will make you look cheap and stupid (prices decrease) but the chances for her avoiding you later increase (quantity increase).
case 2:
If the girl also likes you (increase in demand), the supply and demand will be equal and both will gain in optimal levels.
case 3:
If the girl dislike you (decrease in demand), it will make you look more cheap and stupid (prices further decrease) but the chances for her avoiding you later decrease(quantity decrease), meaning that she will not avoid you that much...
Now we talk about the increase in demand... i.e. the girl wanna have more love for you...
case 1:
If you remains untouched and totally no feeling (no change in supply), it will make you look more appealing (prices increase) but the chances for her avoiding you later increase (quantity increase), cos she'll be pai seh for looking cheap and stupid...
case 2:
If you also likes her(increase in supply), the supply and demand will be equal and both will gain in optimal levels.
case 3:
If you dislike the girl (decrease in supply), it will make you look even more appealing (prices further increase) but the chances for her avoiding you later increase (quantity increase), hmmm... but lesser compared to case 1...
See.. economics can be applicable in life... I hope to explore more on it... hee...
PS: if anyone who is strong in econs spotted mistake in my equation, tell me hor.. cos I still new in the whole of econs... Xp
