Monday, June 26, 2006
more lameness frm e other jy
hello carcol, jym2 here. long time since i've posted on this blog. haha must go out after the CTs hor, cos i'll be damn sian-ed after it, knowing tt i've failed most of my subjects. u might wonder wat on earth m i doing posting just hours before my GP paper, but nvm, just 2 share some crap, show tt ts, jym1, n younghen does nt haf a monopoly on lameness here. anw, to lighten your moods, here's something stupid abt econs :Do you always seem to find that you are short of cash? Wanna know how the mid-years can actually turn out to be a money-spinning opportunity? Let me share my 100% successful formula with you! Firstly, go buy up all the red ink printer cartridges from the bookshop (either HP or Canon). Why? Based on the expectation of future results, I predict that many people are going to fail their mid years (Eh, I'm not cursing you people, it's true!) due to inadequate (or the total absence of) preparation. Therefore, the demand for red ink will increase, as most people's result slips will be 满江红, and they will be drowned in red ink. As stated by the Law of Demand, price and the quantity demanded have an inverse relationship, within a specified time period, ceteris paribus. An increase for demand would shift the demand curve rightwards , reflecting an increase in price provided that the supply remains constant. Therefore, there would be a surge in prices for red ink printer cartridges. However, if the supply can be increased, the change in price will be offset. Now, since you are hoarding the current supply of goods, you single-handedly can influence the market price as there is a monopoly, and you account for the entire share of the market. Do not worry about alternative cartridge brands such as Lexmark, because the people who designed these cartridges are geniuses. As the Canon advertisement goes, “Do NOT use third-party ink, as it may damage your printer. Canon, delighting you always.” Hmm, the school wouldn’t exactly want to damage the school printers, as it incurs a greater opportunity cost in repairing them. In an attempt to keep the goods affordable, the school will surely have set a price ceiling to prevent the cartridges from becoming unaffordable. This is bad idea, as it would give rise to a black market as teachers have to somehow print out our result slips no matter how obscene they look. Furthermore, the supply of goods cannot be increased in the short run, as raw materials and time are required for the production of additional cartridges, plus the teachers have a deadline to meet. Therefore, they have no choice but to purchase from your black market, and you stand to maximise your profits! So at least there is something positive to be derived from the mid years LOL. So what are you waiting for? Stock up on red ink printer cartridges today!!!
(note tt e original post can be found on my blog as well haha)
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