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Hope Star1 · 11-16-2007, 03:36 AM

I just wanna know who changes the prices.
One price change of an item then suddenly everybody goes by that price.

rockn0ut · 11-16-2007, 03:51 AM

It is not one person that changes it, its the economy that changes it. IT is supply and demand. if there is a higher supply of somethings then the price goes down, if there is a higher demand for something then the price goes up. if there are 20 people selling runes, then they have to compete with each other and lower thier prices to get people to buy from them, but if there are only 2 people selling then the price will stay higher. likewise, if 100 people want runes, then the price will go up, but if only 3 people want runes the price will go down. hope that helps a little.

Hope Star1 · 11-16-2007, 03:55 AM

A little bit...

Mr. Science · 11-20-2007, 04:41 AM

Anyone can change a price of something. Its a matter if someone will pay that specific price.

drachir · 11-21-2007, 03:27 PM

The market is very 'ondoorzichtig' (it's dutch i dont know the english term, maybe unclear). It means you cant have a view in 5 seconds of the whole price list of everyone. So if someone raises it, but you dont know if the others have changed, it seems like the normal price. If there would be a 'clear' market you could see all prices in 5 seconds, which will mean if there is much demand, prices rise, low demand, prices are lower.

Pwet · 11-28-2007, 12:51 AM

Supply and demand smurtypants

hiboy2004 · 12-16-2007, 12:17 AM

The Grand Exchange Gnome. He randomly says "You can only sell Dragon Chains for 1gp." Then everyone sells for 1 gp.

~Kira~ · 12-19-2007, 08:40 PM

Quote:

Originally Posted by rockn0ut

It is not one person that changes it, its the economy that changes it. IT is supply and demand. if there is a higher supply of somethings then the price goes down, if there is a higher demand for something then the price goes up. if there are 20 people selling runes, then they have to compete with each other and lower thier prices to get people to buy from them, but if there are only 2 people selling then the price will stay higher. likewise, if 100 people want runes, then the price will go up, but if only 3 people want runes the price will go down. hope that helps a little.

Well said, kinda like back when i played rune scimitars were around 35-40k then after more pkers rune scimitars became more common and it went to 20-25k.

Reivinas · 01-16-2008, 04:43 PM

Quote:

Originally Posted by ~Kira~

Well said, kinda like back when i played rune scimitars were around 35-40k then after more pkers rune scimitars became more common and it went to 20-25k.

true,those items were so high priced

11-16-2007, 03:36 AM	#1 (permalink)
Hope Star1 Marios's Mustache Wax Join Date: Nov 2007 Posts: 3 Reputation: 10	One Question..Who changes the prices!!?? I just wanna know who changes the prices. One price change of an item then suddenly everybody goes by that price.

11-16-2007, 03:55 AM	#3 (permalink)
Hope Star1 Marios's Mustache Wax Join Date: Nov 2007 Posts: 3 Reputation: 10	Thread Creator A little bit...

11-20-2007, 04:41 AM	#4 (permalink)
Mr. Science Still learning the ropes Join Date: Nov 2007 Location: Mars Posts: 24 Reputation: 10	Anyone can change a price of something. Its a matter if someone will pay that specific price. __________________ Mr. Science is Draq Proud Moderator (Draq) of Madgaming http://madgaming.forumcircle.com/index.php

12-16-2007, 12:17 AM	#7 (permalink)
hiboy2004 Norrin Radd's Nerd Rage Join Date: May 2006 Location: On tha' streets, son. Posts: 1,668 Reputation: 41	The Grand Exchange Gnome. He randomly says "You can only sell Dragon Chains for 1gp." Then everyone sells for 1 gp. __________________ Playin: LoL: Purpler41n WoW: Murgol- Farstriders US RP

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11-16-2007, 03:51 AM	#2 (permalink)
rockn0ut Ape for Diddy Join Date: Apr 2007 Posts: 263 Reputation: 10	It is not one person that changes it, its the economy that changes it. IT is supply and demand. if there is a higher supply of somethings then the price goes down, if there is a higher demand for something then the price goes up. if there are 20 people selling runes, then they have to compete with each other and lower thier prices to get people to buy from them, but if there are only 2 people selling then the price will stay higher. likewise, if 100 people want runes, then the price will go up, but if only 3 people want runes the price will go down. hope that helps a little.

11-21-2007, 03:27 PM	#5 (permalink)
drachir Cingal's Collar Join Date: Jun 2006 Posts: 1,616 Reputation: 15	The market is very 'ondoorzichtig' (it's dutch i dont know the english term, maybe unclear). It means you cant have a view in 5 seconds of the whole price list of everyone. So if someone raises it, but you dont know if the others have changed, it seems like the normal price. If there would be a 'clear' market you could see all prices in 5 seconds, which will mean if there is much demand, prices rise, low demand, prices are lower.

11-28-2007, 12:51 AM	#6 (permalink)
Pwet Rock Man Join Date: Oct 2007 Posts: 420 Reputation: 15	Supply and demand smurtypants