RE: Open Offer14 Nov 2022 16:39
I'll try, DTW.
'If supply remains constant and demand increases, prices will rise' - we know supply is inelastic, i.e. there are only a finite number of shares available, hence as more people seek to BUY shares then demand increases and the price rises."
So when supply doesn't remain constant (and increases) what happens?
I think Adam Smith covered this by using the word "constant".
Hence I will stick with buyers do force the price down when there are willing sellers and force the price up when there aren't many sellers. They force the price way up when there are no sellers.
I accept that Wyndrum may not have explained it this way exactly but the number/volume of sellers is key to what Adam Smith said.
Probably a waste of time discussing this here do you think?
All the best.