Disproving Market Demand and Market Supply

7 Pages Posted: 23 Jul 2018

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: June 26, 2018

Abstract

This paper disproves the concepts of market demand and market supply. It discovers two suspicions that such concepts may be wrong: they deliver uncertain equilibrium or infinite price, and their elasticity preservation creates an identity crisis. In contrast, this paper works out how incessant arbitrage by laissez faire people generates market price, to render market demand or market supply unnecessary. Market demand or supply, if any, represents autocracy, suppresses individuality, and hence should not belong to Economics.

Keywords: Market Demand, Market Supply, Econ101

JEL Classification: A20, D01

Suggested Citation

Choi, Hak, Disproving Market Demand and Market Supply (June 26, 2018). Available at SSRN: https://ssrn.com/abstract=3203158 or http://dx.doi.org/10.2139/ssrn.3203158

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

HOME PAGE: http://euntold.wordpress.com

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
76
Abstract Views
645
rank
385,108
PlumX Metrics