Quote:
Originally Posted by Lhancelot
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OP never mentioned supply and demand, that discussion began with Baler. We still waiting for his explanation of how p99 "is not supply and demand."
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In a true supply and demand economy, as the supply of something increases, the demand for it would go down, so the price would go down. That HAS happened over the years, looking at fungi tunics in particular, they used to sell for 100k+. But let's take the Tstaff for example. Everyday there are more Tstaffs on the server, yet the price has nearly doubled over the last year. White dragon scales, 6 months ago I know of someone that sold one for 600k, then a few month after that I saw one listed for 250k, just the other week another friend sold one for 400k.
When you look at these three things separately, it's hard to see it as a pure supply and demand system, when the supply for some items simply doesn't reflect in the prices some people are paying.
Supply and demand factors in, sure. But more than that is the factor of what people think it's worth, regardless of the demand or its supply.