Download This PaperDisproving Market Demand and Market Supply
7 Pages Posted: 23 Jul 2018
Date Written: June 26, 2018
Abstract
This paper disproves the concepts of market demand and market supply. It discovers two suspicions that such concepts may be wrong: they deliver uncertain equilibrium or infinite price, and their elasticity preservation creates an identity crisis. In contrast, this paper works out how incessant arbitrage by laissez faire people generates market price, to render market demand or market supply unnecessary. Market demand or supply, if any, represents autocracy, suppresses individuality, and hence should not belong to Economics.
Keywords: Market Demand, Market Supply, Econ101
JEL Classification: A20, D01
Suggested Citation: Suggested Citation
Choi, Hak, Disproving Market Demand and Market Supply (June 26, 2018). Available at SSRN: https://ssrn.com/abstract=3203158 or http://dx.doi.org/10.2139/ssrn.3203158
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