(no title)
frankc
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4 months ago
Demand is a function of price. At any given price there is a quantity demanded. To know the price you also need to know the supply function. There is a demand for socks but if no one is will to supply socks for less a million dollars, the quantity demanded of socks at that price could be 0.
the_real_cher|4 months ago
AnimalMuppet|4 months ago
You can argue about the need for the minimum wage laws. You can argue about the morality of paying a living wage. But that's a different argument.