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To: Jock Hutchinson who wrote (143675)	10/3/1999 4:32:00 PM
From: Alohal	Read Replies (1) \| Respond to of 176387

Jock, ya know, after all those years of lawyering it appears you still don't know when to stop talking and start listening. How ordinary. Cheers. Alohal

To: Jock Hutchinson who wrote (143675)	10/3/1999 6:43:00 PM
From: Bridge Player	Read Replies (1) \| Respond to of 176387

<< Econ 101 states that in the absence of increased demand, an increase in price will decrease demand. It has always been that way, and will always be that way. >> Jock, IMO your explanation is a little overly simplistic. What you say may be true of products or services where demand is relatively elastic, but does not necessarily apply where demand is inelastic. For examples, I give you light bulbs, flour, and grass seed. And, in fact, in the case of investments, I would suggest to you that higher stock prices also actually play their role in creating higher demand than previously. Examples are all around. BP

To: Jock Hutchinson who wrote (143675)	10/3/1999 9:15:00 PM
From: rudedog	Read Replies (2) \| Respond to of 176387

Jock - Give it a rest. I have worked in the computer industry for 30 years and the relationship you describe simply does not apply to this business. We have good examples just in the last 2 years. The trends in computer usage are just not elastic, demand is not stimulated by lower price or decreased by higher price. I don't think anyone knowledgeable in the way the business works would come to your defense. You seem intent on proving that edamo didn't take econ 101. I don't know if he did or not, but I took 4 quarters of econ and it has proved to be the most useless bunch of abstract thinking that I was ever forced to listen to, and has had zero application in my work, except for the definition of some common terms. No one doing MRD at the major computer companies is sitting around saying "but econ 101 says if we drop price we stimulate demand! Lets do it!" Look at e-machines. Do you think they created a new market or created demand, or did they simply grab low end sales from white box and the low end lines of the big boys?

To: Jock Hutchinson who wrote (143675)	10/4/1999 2:43:00 AM
From: PAL	Read Replies (1) \| Respond to of 176387

Jock: You are wrong !!! <eom> Paul

To: Jock Hutchinson who wrote (143675)	10/4/1999 11:16:00 AM
From: edamo	Read Replies (1) \| Respond to of 176387

jock...supply/demand/pricing your econ 101 premise that increase in price in the absence of increased demand will decrease demand... seems you haven't got beyond econ101.....real world a bit different, economists can't grasp the untangible of consumer psychology. if econ101 infallible, then why does hyundai sell less vehicles then mercedes in the us market...a car is a car isn't it....a commodity by econ 101...dell outsells both e-machines and microworkz combined...isn't a computer a commodity by your feeble definition... people pay over list for desirable items from harley davidsons to ferrari maranello, and wait many, many months for delivery....barbie dolls and anything to do with pokeman selling at strong pricing inspite of knowledge that there exists supply... econ101 is as accurate as economists...look at any econometrics service and their accuracy as far as my make believe world......just contact the commonwealth of pennsylvania governors office, and request a list of award winners for export in the year 1992....i'm there....or if you want to access the department of commerce/department of state/cia white paper of 1978 on "investment and political risk in the asean countries", you will find my name on the industry panel.......do your research....i've presented a few of my credentials....other then you being an old lawyer, who has his economics books from 1920, what have you done in your life...chasing ambulances doesn't count!!!