Selektive Memory: The Sony PlayStation 4

[Normchacho]

Adinnieken said:

Quanity = Quanity Supplied.  In otherwords, the ability of Sony to supply retailers consoles is Quanity.  Supply is the willingness of either the manufacturer or the retailer to supply an item at a paricular price.    Likewise, Demand in the above curve is the willingness of buyers to buy an item at a particular price level.

The Equilibrium point is where buyers will buy at the price level, and manufacturers are willing to sell at that price level.

If there is a shortage in Quanitity supplied, then the Supply curve moves inward, and the Equilibrium price increases.  If there overage in Quanity supplied, then the Supply curve moves outward, and the Equilibrium price decreases. 

If there was a true shortage, the price for the PS4 would increase because demand would outstrip supply, retailers would see an opportunity and increase the price.  

You're absolutely right, Economics does explain this.  However, I'm not sure it's saying what you think it is. 

Then again, maybe you're right.  I just passed my Macro Economics class with a 4.0 as the top student in my class.  My professer repeatedly letting me know that "If your classmates ever knew how many points you accumulated, they'd kick you in the shins.", but I could be wrong.  You never know.  I mean, my text book was written by the former Chairmen of the Federal Reserve, and not Wikipedia.  So...you have that going for you. 

While I'm not going to argue the theory as I have no formal education in macro economics, I will say I don't think that bit about retailers bumping prices really applies here. I say that because for the most part retailers adhere to the MSRP set by the manufacturer even if supply is low compared to the demand. I'm sure you could name a plethora of reasons why that might be the case but my gut feeling is one of simply remaining consistent as to not confuse customers and to be sure they remain competitive.

Also, I think that most people either have or know someone who is exceptional at something or has an exceptional talent. It's great, but not really all that impressive. The real trick for someone with an exceptional talent is to be able to use that talent when it's appropriate without being a dick about it. You could have easily given your expertise and even mentioned your credentials without needing to toot your own horn or put anyone down.