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by dragonwriter
2959 days ago
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> Do you accept that the following line is nominally linear? > If you do, then you must accept that time is the only input to the supply function. Er, no, even assuming the omitted x-axis is linear, I don't. The other inputs being relatively constant or having variation which mostly cancelled out each other's effects over a one year period is indistinguishable, on such a chart, from time being the only input. (Plus, the implicit function to which time would hypothetically be the only input isn't a supply function, which is a mapping from price to quantity people are willing to sell.) |
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