It really is that simple. Supply, Demand, and the magical X marks the spot. Psychologists are getting upset about the 'incursion' economics is making into 'their territory'. BUT, economic principles are ubiquitous! Here's another installment demonstrating that point...
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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?