@partiko | Lesson 11 | Demand Curve |
The figure below shows about the demand curve, a nagative slop curve connecting the price level (P) with the quantity of the demand (Q). If P increases then Q decreases and if P decreases then Q increases (law of demand). In this case Q = f (P)
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Do you know MV = PQ?
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Yes I know, is equation of exchange in monetary economy.
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Cool! I hear people use this equation to evaluate the price of bitcoin!
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Yes is true because the equation is related to the theory of money demand.
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Can you use that to evaluate STEEM? 😁
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I understand a little, and need enough data for an analysis and evaluate Steem with the formula. .
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