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Politics : Actual left/right wing discussion -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (5800)	1/19/2007 9:41:32 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 10087

"If something is desirable, raising the price can cause an increase in demand. Check a marketing textbook for examples." Whoever wrote your marketing textbook failed economics. I suggest you look up the term "Giffen good."

To: Gersh Avery who wrote (5800)	1/19/2007 10:07:53 AM
From: TimF	Read Replies (2) \| Respond to of 10087

Passing a law does little to reduce consumption of a substance. Its possible that's the case with consumption of illegal narcotics in the US, but its silly to claim it as a universal, and its not very well supported if your just applying it to narcotics. It would be more reasonable if you applied it to just narcotics (instead of making a universal claim), and if you just said that the laws against narcotics have not been conclusively shown to decrease use. Then you make a really solid hard to attack argument, and put the burden on the other guy to show the that the laws he supports, achieve what he wants to achieve. But if you just say that passing (and enforcing) a law does nothing as an absolute statement, you seem unreasonable and probably reduce your chance to convince those who are unsure about the issue.

To: Gersh Avery who wrote (5800)	1/19/2007 1:52:21 PM
From: Brumar89	Read Replies (2) \| Respond to of 10087

If something is desirable, raising the price can cause an increase in demand. Check a marketing textbook for examples. "The demand curve shows an inverse relationship between price and quantity demanded. This relationship is considered so pervasive, particularly for the market demand, that in economics it has been termed the law of demand. The higher the price the lower the quantity demanded, and the lower the price the higher the quantity demanded. Although the law of demand is not logically absolutely necessary, given the case mentioned earlier of a Veblen luxury good, most goods or services are believed to adhere to the law of demand." krypton.mnsu.edu What you may be referring to: "...higher prices reducing the quantity of demand, and lower prices increasing the quantity of demand. But there can be exceptions. A Veblen good appeals to customers because of its high price (and status). Russian caviar, large diamonds and large luxury cars or yachts may be examples. Raising the price for these goods may not decrease quantity demanded." For these luxury or status symbol goods, the main force driving demand is rising incomes. Are you saying marijuana or other drugs are status symbols?