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Technology Stocks : Dell Technologies Inc.

DELL 124.96

+2.0%

12:55 PM EST

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To: Skeeter Bug who wrote (95219)	2/5/1999 5:25:00 PM
From: BGR	Read Replies (1) of 176387

<Very OT> Skeeter Bug, I have always considered Economics 101 to be a very dangerous course which IMHO should come with statutory warnings. It gives people the confidence that they have become instant masters in - among others - Game Theory, International Trade and Econometric techniques all at the same time, hence empowering them to comment in public forums about how Lemon laws can cause acidity and how Dutch auctions are the best places to buy diamonds. But let's concentrate on falling prices and demand relationship. Apparently, you think that even if better technology reduces production cost the manufacturers will invariably pocket the difference and never pass on the benefits to the consumer, unless there are falling demand concerns. My dear friend, this simplistic model doesn't hold true even in the very basic of the commodities, food. As production costs have decreased in the agro-business prices of food products has plummeted. This effect is most pronounced in the developing nations which successfully went through a Green Revolution like India and China. So, do you think that even with increasing populations the demand for food is going down in these countries? -Apratim.

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