aNewDomain.net — Supply and demand are key elements of a free economy. It is the controlling factor for almost all goods that are sold. This goes for cars, toys, socks, microwave ovens, jewelry and precious metals.
Cartoon by Tom Sloan
What would happen if there were so many worms that the apple crop was devastated? There would be an apple shortage. The appetite for apples for the general population is still there. As a result, there is a lessening supply of apples, the demand remains high, so the price goes up. Conversely, if there is a bumper crop of apples, the price goes down to sell off the glut of apples.
If this apple crop was eaten by such an enormous abundance of worms, the price of worms would go down, too.
For aNewDomain.net, I’m Tom Sloan.
Tom Sloan has drawn cartoons and illustrations for numerous publications — including the original BYTE magazine. Not limited to print, Tom’s cartoons and collages are displayed in museums and galleries throughout the United States. He’s also an accomplished animator. He’s created animations for such as clients Sesame Street, HBO, Nickelodeon, Captain Kangaroo, Romper Room, Burger King and McDonalds.
