The Supply and Demand Thread

Discussion in 'Marketplace Discussion' started by AmusedStew, Apr 25, 2013.

  1. 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:
    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: ]
  2. I demand happiness, but sell only tears. :D

    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
    Lasluin likes this.
  3. Done, hope dark green is better :p
    kilmannan likes this.
  4. 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
    I would buy the wood at same price, bust stone/cobble half my price, and diamonds 45r per
  5. I'd pay 50r for a stack of diamonds too. Perhaps more. ;)
  6. It was a typo.... xD
    Curundu likes this.
  7. 50r a stack for diamonds?!?! I'll buy em all :p (Probably a error but you never know xD)
    Curundu likes this.
  8. 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.
    jkjkjk182 likes this.
  9. Bump for supply and demand.
  10. With the new Fortune 5 picks, will supply/demand of minerals change??
  11. Supply- Bonemeal
    Price- 10r per stack
    Market price- i have no idea xD
    Buying price- N/A
  12. Nah. Few of them will be used.
    jkjkjk182 likes this.