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Re: A question on Iraq expenditures [message #299511 is a reply to message #299508]

Tue, 27 November 2007 19:55

R315r4z0r
Messages: 3836
Registered: March 2005
Location: New York

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General (3 Stars)

Kinda-sorta.
Now I shall explain something you probably already know:

-Due to the War, oil imports ceased
-supply went down
-price went up
-since people need gas, personal income money went down
-less money = less demand
-less demand = more left over (more supply)
-Company of product needs to balance the price at an equilibrium, thus using the quantity demanded compared to the quantity supplied to calculate the highest price people would willingly buy at.
-People buy product & pay tax
-tax goes to government to fund war effort.

Like I said, cheesesoda, you probably already knew that, but I was explaining it to the other people I originally had a response to. Smile

[Updated on: Tue, 27 November 2007 19:57]

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[Message index]

		A question on Iraq expenditures By: prasp on Sun, 25 November 2007 20:40
		Re: A question on Iraq expenditures By: Zion on Sun, 25 November 2007 20:43
		Re: A question on Iraq expenditures By: nikki6ixx on Sun, 25 November 2007 22:45
		Re: A question on Iraq expenditures By: Ryu on Sun, 25 November 2007 23:10
		Re: A question on Iraq expenditures By: Memphis on Mon, 26 November 2007 00:27
		Re: A question on Iraq expenditures By: Jecht on Mon, 26 November 2007 02:48
		Re: A question on Iraq expenditures By: IronWarrior on Mon, 26 November 2007 09:16
		Re: A question on Iraq expenditures By: sadukar09 on Mon, 26 November 2007 09:23
		Re: A question on Iraq expenditures By: nikki6ixx on Mon, 26 November 2007 18:38
		Re: A question on Iraq expenditures By: prasp on Mon, 26 November 2007 19:46
		Re: A question on Iraq expenditures By: Sn1per74* on Mon, 26 November 2007 21:00
		Re: A question on Iraq expenditures By: prasp on Mon, 26 November 2007 21:57
		Re: A question on Iraq expenditures By: R315r4z0r on Mon, 26 November 2007 22:29
		Re: A question on Iraq expenditures By: cheesesoda on Tue, 27 November 2007 14:00
		Re: A question on Iraq expenditures By: Sn1per74* on Tue, 27 November 2007 20:58
		Re: A question on Iraq expenditures By: Starbuzz on Tue, 27 November 2007 21:46
		Re: A question on Iraq expenditures By: Canadacdn on Tue, 27 November 2007 21:51
		Re: A question on Iraq expenditures By: R315r4z0r on Wed, 28 November 2007 13:19
		Re: A question on Iraq expenditures By: Starbuzz on Wed, 28 November 2007 14:22
		Re: A question on Iraq expenditures By: Jecht on Wed, 28 November 2007 17:38
		Re: A question on Iraq expenditures By: Starbuzz on Wed, 28 November 2007 19:03
		Re: A question on Iraq expenditures By: PlastoJoe on Mon, 26 November 2007 23:31
		Re: A question on Iraq expenditures By: Jecht on Tue, 27 November 2007 14:49
		Re: A question on Iraq expenditures By: Falco on Tue, 27 November 2007 15:41
		Re: A question on Iraq expenditures By: nikki6ixx on Tue, 27 November 2007 16:03
		Re: A question on Iraq expenditures By: Ethenal on Tue, 27 November 2007 16:34
		Re: A question on Iraq expenditures By: R315r4z0r on Tue, 27 November 2007 19:12
		Re: A question on Iraq expenditures By: cheesesoda on Tue, 27 November 2007 19:22
		Re: A question on Iraq expenditures By: R315r4z0r on Tue, 27 November 2007 19:27
		Re: A question on Iraq expenditures By: Muad Dib15 on Tue, 27 November 2007 19:17
		Re: A question on Iraq expenditures By: cheesesoda on Tue, 27 November 2007 19:36
		Re: A question on Iraq expenditures By: R315r4z0r on Tue, 27 November 2007 19:55
		Re: A question on Iraq expenditures By: prasp on Tue, 27 November 2007 20:26
		Re: A question on Iraq expenditures By: Jerad2142 on Wed, 28 November 2007 11:45
		Re: A question on Iraq expenditures By: cheesesoda on Tue, 27 November 2007 20:35
		Re: A question on Iraq expenditures By: Starbuzz on Tue, 27 November 2007 22:11
		Re: A question on Iraq expenditures By: cheesesoda on Tue, 27 November 2007 22:25
		Re: A question on Iraq expenditures By: Rocko on Wed, 28 November 2007 22:32

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