I am writing a persuasive essay in my English class. I am writing on the economic impact of gold farming in games like World of War craft.
I have an average understanding of economics, I'm in my 4rth course at a University level but seem to be forgetting some very fundamental economics and need help!
How would this affect/shift the supply/demand curve.
One example is, if there is a shortage in silk, the demand will be elevated and so will the price of that good, providing incentive for the gold farmers to go produce massive amounts of silk, meaning eventually silk should be available for very low prices because of the vast supply.
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