Daily financial knowledge

[Give a chestnut]

Oranges living in auspicious village invented a hair growth cream, which cost 1000 yuan a bottle in 50 yuan. There are 50 bald people in the village who desperately want to grow their hair, so they all buy the hair growth cream for oranges.

At this time, the apples in the village were a little jealous when they saw oranges making money. They also invented Hair Growth Cream No.2, which only sold in 800 yuan, and stole the business of oranges.

The price of oranges is reduced to 700, and the price of apples is reduced to 600 ... In the case of the same hair growth effect, the bald villagers will go to their homes to buy hair growth cream.

When bald villagers in auspicious village need long hair, there is only 10 bottle of hair growth cream, so whoever pays more money will be sold the hair growth cream, and the highest bidder will get it.

When there are several producers of hair growth cream, there are only 50 bald people, so whoever sells the hair growth cream at a low price will ask the bald person to buy it.

The relationship between supply and demand determines the price

In the end, supply and demand tend to reach a state of equilibrium, where prices are stable.

[theorem of supply and demand]

Refers to the changes in the demand and supply of commodities will change the market price of commodities.

> When supply = demand, the market is stable.

> Demand exceeds supply and prices rise.

> Supply exceeds demand and prices fall.

Applying the theory of supply and demand:

Do a good job in products, grasp the most real needs, and have pricing power.

Plus your own irreplaceability.