I'm taking my first economics class this semester. Based on what we've covered in class, I came up with this graph that explains why no one asks me to draw or write anything for them, despite my offer to do it for free.
1. The green line represents the quantity of commissions demanded from me. You'll notice that at any given price, the quantity demanded remains relatively low. We call this "inelastic demand".
2. The red line represents the quantity of commissions I can supply at any given price. You'll notice that even when prices remain low, I am still capable of producing large quantities of commissions. We call this "elastic supply".
Roughly translated, this graph illustrates the fact that I can't even give my own art away because no one wants it.
1. The green line represents the quantity of commissions demanded from me. You'll notice that at any given price, the quantity demanded remains relatively low. We call this "inelastic demand".
2. The red line represents the quantity of commissions I can supply at any given price. You'll notice that even when prices remain low, I am still capable of producing large quantities of commissions. We call this "elastic supply".
Roughly translated, this graph illustrates the fact that I can't even give my own art away because no one wants it.
Category Artwork (Digital) / Miscellaneous
Species Unspecified / Any
Size 900 x 600px
File Size 78.6 kB
technically, if your argument is that no one wants to receive commissions from you because they don't want it, your inelastic demand curve would actually be a perfectly inelastic demand curve (vertical line), meaning that at any given price the quantity of commissions demanded would be the same, in this case 0. the supply curve would also not really matter in this case :P
however, keep working on your art, the more practice and effort you put in the more you will improve, and someone will surely want to commission something from you :)
however, keep working on your art, the more practice and effort you put in the more you will improve, and someone will surely want to commission something from you :)
FA+

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