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1980 e21 323i Super clean, New price Looking to Sell ASAP
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oh my....that's a beauty.'87 325i "Chewey" (RIP, my beloved)
current:
'01 e46 325iT "Dot" - #datwagonlife
'87 e30 325i "Tui" - she has her mother's eyesComment
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Equilibrium exists whenever the quantity of a good demanded is just equal to the quantity of the good supplied. (Note: it is NOT when supply equals demand—it is when a point on the demand curve just touches a point on the supply curve.)
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded. There is a surplus of the good on the market. The existence of this surplus gives sellers an incentive to lower their price, thus sending the price downward toward its equilibrium level.
Conversely, if the price of a good is below equilibrium, then it must be that the quantity of the good demanded exceeds the quantity of the good supplied—meaning that there is a shortage of the good (at the existing price). The existence of this shortage in the market gives sellers the incentive (and the opportunity) to raise their price. As the price rises, it is moving upward toward equilibrium.
Whenever the quantity of a good demanded at some price is just equal to the quantity of the good that sellers are supplying at that price, then there is neither a surplus of the good nor a shortage. Sellers lack incentive and opportunity to either lower or raise the price—it will be maintained. It is an equilibrium price
Very clean and interesting car. I think it is a great example of an E21. Best of luck with your sale.www.truegearhead.com
- bad decisions & questionable carsComment
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you brought some good memories of my Econ 1 class from few years ago :)Equilibrium exists whenever the quantity of a good demanded is just equal to the quantity of the good supplied. (Note: it is NOT when supply equals demand—it is when a point on the demand curve just touches a point on the supply curve.)
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded. There is a surplus of the good on the market. The existence of this surplus gives sellers an incentive to lower their price, thus sending the price downward toward its equilibrium level.
Conversely, if the price of a good is below equilibrium, then it must be that the quantity of the good demanded exceeds the quantity of the good supplied—meaning that there is a shortage of the good (at the existing price). The existence of this shortage in the market gives sellers the incentive (and the opportunity) to raise their price. As the price rises, it is moving upward toward equilibrium.
Whenever the quantity of a good demanded at some price is just equal to the quantity of the good that sellers are supplying at that price, then there is neither a surplus of the good nor a shortage. Sellers lack incentive and opportunity to either lower or raise the price—it will be maintained. It is an equilibrium price
Very clean and interesting car. I think it is a great example of an E21. Best of luck with your sale.Last edited by ma.jomaa; 02-08-2014, 03:38 PM.

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Thank you, a different medium such as ebay would be great, but it's not the fees that I'm worried about, I just want to sell it localy to avoid the headache of shipping.

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