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Posts Tagged ‘Equilibrium’

Manipulating Market Price

21/10/2010 7 comments

As of now, I’ve looked at a trend in development strategy that I’ve seen, and now I’m looking at pricing. There’s not much strategy here (or at least anything past a beginner/intermediate level), and you might be a little annoyed – isn’t this supposed to be a blog outlining the best strategy for Settlers? We’re getting there. Don’t worry.

As I said last time, value is determined by the market. For some, this is a flashback to any introductory economics class taken previously. For the rest of you, here’s the rundown: when you graph the supply curve of a product and the demand curve of that same product on the same axes, we can find the market price (or equilibrium) by where they cross. If the demand goes up (by a shift of the demand curve to the right), the equilibrium price will move up. If the supply goes up (by a shift of the supply curve to the right) the equilibrium price will go down.

So what does this mean for Settlers? Read more…

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