Carefree Prince In Tang Dynasty

According to the classic free market theory of Adam Smith and others, they believe that in the absence of external interference, the price of a commodity depends on the value contained in the commodity, and is affected by supply and demand, and fluctuates around the value.

Different schools of thought have different understandings of what the value of a commodity is. Everyone is most familiar with the determinism of socially necessary labor time, but in fact the concept of "socially necessary labor time" is very vague, and it is simply something that cannot be measured. Therefore, some economists later questioned this concept, and even began to question whether the entire law of value was scientific, and derived some other theories to explain and predict price changes.

It's a pity that Li Xin is only an engineering student, and reading books on socioeconomics is just a hobby, and his understanding of these particularly complicated theories is also very rudimentary. Fortunately, he doesn't need to know too much. He only needs to know one thing: for any commodity, when the supply exceeds the demand, the price will fall; when the supply exceeds the demand, the price will rise.

It's not that Cui Yingying doesn't understand this truth, after all, she has been in business for so many years. However, she has never heard of Li Xin's means of hype, deliberately creating a situation where supply exceeds demand, and she admires Li Xin's imagination - how did she know that Li Xin's methods are also from the hands of capitalists in later generations What did you learn?

It's just a drawing of a gourd, it's simple.

Looking at the pensive Cui Yingying, Li Xin was afraid that this pure little girl would end up going astray, so he hurriedly said: "This kind of method is not the right way to do business after all. It cannot be widely promoted, and it can only be used occasionally."

Cui Yingying smiled and said: "Your Highness's ingenuity, Yingying can't learn it. I was just thinking, soon, will the remaining fifty sets of ivory mahjong really only sell for one hundred and twenty? If the current momentum continues , it seems that if you raise the price a little bit, it can be sold.”

It turned out to be this.

Li Xin shook his head and said, "No. The price of 120 guan is already very high. Not only will we not increase the price, but we will also emphasize that this is the last batch of ivory mahjong. There is no more mahjong like this."

"Why?" Cui Yingying asked puzzled.

Li Xin said slowly: "This is a means of speculation. After this time, we are not the only ones who find it profitable to make high-end mahjong. But, you have to think about it, the cost of this mahjong is only thirty or forty after all. It’s just money, how can it be possible to sell more than a hundred guan all the time? People will come to their senses sooner or later and realize that something is wrong. So, even if we continue to make mahjong, we won’t make much money, and You might as well just let it go."

He stretched out a knuckle, tapped the table lightly, and said: "Mahjong is just a small thing. I just planned to use it to make a small fortune. Our real highlight is still at the tea shop. There is a long-term profit. If the business grows in the future, it may even be sold to the Western Regions, and two taels of tea can be exchanged for their yaks and gems. This is a big deal.”

Cui Yingying came back to her senses, and found that she had indeed paid a lot of attention to mahjong during this time, so she couldn't help but nodded thoughtfully.