SG Broadband Community

I got looked at RAM prices for the heck of it; haven't looked in a long time. I was thinking of adding another PC2700 DIMM to my system to take advantage of dual DDR. So I checked out crucial.com to price another stick of what I already have.

$120 for a chip I paid $70 for over a year ago!!!!!!

WTF happened?

[quote="shadrach"]I got looked at RAM prices for the heck of it]

Exactly what I was thinking.

I knew i should've bought a stick eailer

And I thought it was expensive 2 months ago

factories were either cut back or closed.

the prices had gone too low and steps were taken, intentionally.

zooner wrote:factories were either cut back or closed.

the prices had gone too low and steps were taken, intentionally.

Yah! I learnt it in economics!

Something to do with equilibrium price or something. When demand intersects with supply is what the price should be. Or something.... damn expensive ram.

My supplier told me it was because of the political unrest in China right now, that's where most RAM comes from and their economy is somewhat unstable. Sucks huh.

Immortal wrote:Yah! I learnt it in economics!

Something to do with equilibrium price or something. When demand intersects with supply is what the price should be. Or something.... damn expensive ram.

Law of Supply and Demand.


The basic insight underlying the law of supply and demand is that at any given moment a price that is "too high" will leave disappointed would-be sellers with unsold goods, while a price that is "too low" will leave disappointed would-be buyers without the goods they wish to buy. There exists a "right" price, at which all those who wish to buy can find sellers willing to sell and all those who wish to sell can find buyers willing to buy. This "right" price is therefore often called the "market-clearing price."

Supply-and-demand theory revolves around the proposition that a free, competitive market does in fact successfully generate a powerful tendency toward the market-clearing price. This proposition is often seen as the most important implication of (and premise for) Adam Smith's famed invisible hand. Without any conscious managing control, a market spontaneously generates a tendency toward the dovetailing of independently made decisions of buyers and sellers to ensure that each of their decisions fits with the decisions made by the other market participants. Were this tendency to be carried to the limit, no buyer (seller) would be misled so as to waste time attempting to buy (sell) at a price below (above) the market-clearing price. No buyer (seller) would in fact pay (receive) a price higher (lower) than necessary to elicit the agreement of his trading partner. To the extent that this proposition is valid, free competitive markets achieve what F. A. Hayek has justifiably called a "marvel." But it is in regard to the validity of this proposition (and in particular to our reasons for being convinced that this proposition is both valid and relevant) that Austrians differ sharply with mainstream textbook economics. And it is precisely because of the universally acknowledged centrality of the supply-and-demand proposition for all of economics that this disagreement is so important.


Taken from http://www.libertyhaven.com/theoretical ... pply.shtml

That class is our Ecconomics lesson for the day.

I'm l@@king for a cheap stick of 512 MB PC133 SDRAM with out cutting off my
OO LOL

my 2 cents
Shinobi