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"As the price goes down, the demand for oil increases." NO no non nononoooooooo As the price changes, the QUANTITY of demand changes NOT D

1:42 in... "As the price goes down, the demand for oil increases." NO no non nononoooooooo As the price changes, the QUANTITY of demand changes NOT Demand itself. Non-price factors change demand (as with supply).

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Robert Wiersema shared this idea  ·   ·  Report…  ·  Admin →
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  • Robert Wiersema commented  ·   ·  Report

    I guess I don't have to waste any more time checking out this website.

  • Robert Wiersema commented  ·   ·  Report

    I was SO hoping to actually find an online resource that didn't make this fundamental mistake.

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