Basically this thread will be for shop owners, suppliers, and people who sell stuff to shop owners, and/or auctioneers. The concept supply and demand is based on what people want to buy, and the price it is set at. It concludes the unit price for a particular item and the quantity demanded by costumers (at current price) will equal the quantity supplied by producers resulting in an economic equilibrium for price and quantity. The four basic rules of demand are: 1.If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price. 2. If demand decreases and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price. 3.If demand remains unchanged and supply increases, a surplus occurs, leading to a lower equilibrium price. 4.If demand remains unchanged and supply decreases, a shortage occurs, leading to a higher equilibrium price. The determinants of supply are: 1.Production costs, how much a good costs to be produced 2.The technology used in production, and/or technological advances 3.Firms' expectations about future prices 4.Number of suppliers The determinants of demand are: 1.Income 2.Tastes and preferences 3.Prices of related goods and services 4.Consumers' expectations about future prices and incomes that can be checked 5.Number of potential consumers So, my questions in this thread are: What is in demand What do you price this at to reach equilibrium What do you keep stocked at of this item What do you buy your item at Not sure if this thread will help anyone, but I'm giving it a try. It will most likely help everyone to know what to stock up on the most. [ Use this if your not sure on your demand marketing: http://empireminecraft.com/threads/shop-statistics.22507/ ]
I demand happiness, but sell only tears. Oh, if you can Stew, change that dark blue on your second last paragraph, it's a nightmare on the eyes! In demand is Quartz Prices vary at 800r a stack of Flakes to 2000r a stack of Ore 10199 on SMP5 always has some of both in stock We don't currently buy it in
Personally (even though im no shop owner) here is what im at: Demanded Items: Logs, Stone/cobble, diamondz. Prices where I'd sell at: Logs- 128r a stack, Stone 64r a stack, cobble 30r a stack, diamonds 50r per N/A I would buy the wood at same price, bust stone/cobble half my price, and diamonds 45r per
Most of my sales are made on the wholesale level (by the chest full or double-chest full). Suppy: Ender Pearls - Used to make Eye of Ender and for Teleportation Sale Price: 1000 rupees per DC (DC is short for Double-Chest or 54 stacks of pearls) Buy Price: Not buying Market Price: ~4 rupees apiece (about 3400 rupees per DC) Currently Stocked: 12+ DCs Supply: Sulphur (Gunpowder) - Used for TNT, Firework &Fire Charge (fire charges are currently disabled on EMC) Sale Price: 30,000 rupees per DC Buy Price: Not buying Market Price: About 10-12 rupees apiece (about 34k to 41k rupees per DC) Currently Stocked: 2+ DCs If you would like to request a special order in a different amount please PM me.