Supply and demand and mickey mantle

The good thing is that Mickey Mantle autographs are now among the most studied of all time and authenticated signatures are readily available.

Supply and demand and mickey mantle

Moscato Call it ideology, call it economy or bothbut sometimes capitalism can be a strange and funny thing. Nowhere is that any more apparent as in the rather bizarre subculture of collecting — particularly in that quixotic or, by turns, seedy cellulose netherworld of pulp ephemera.

As in many such markets, the baseball card market operates largely on the principles of supply and demand. And therein condition is king.

Supply and demand and mickey mantle

Consider, though, a further interrogation of that paragon of cardboard trophies — the authentic Mickey Mantle card — and how it functions in the baseball card marketplace in oddly prized yet almost ubiquitous qualities and quantities. Therein a paradox reveals itself in the capitalist schema for this specific marketplace, while suggesting potential insights on other markets as well.

Now a qualifier seems prudent here: Those can soar in cash value, upward of hundreds of dollars. However, the fact remains that many a Mickey Mantle card from his playing days may be easily and very affordably acquired, especially for fair or poor condition finds.

But to arrive at my point, we see a contradiction in the marketplace with these diametrically opposed extremes and, yes, that may be a bit repetitive, but it seems merited here. In other words, a collector of Very Poor sports and non-sports trading cards will encounter an almost similar scarcity as would a collector of Mint cards for many Mantle issues.

So on the one hand, the Very Poor card: On the other hand, the Mint card: They are almost equally difficult to locate and acquire in shops and online auctions, yet one will always be monetarily valued at a fraction of the cost of the higher grade for the same issue — for example, two cards of the same Topps No.

Surely some arguments and rebuttals come to mind here. Perhaps card sellers possess plenty of Very Poor condition cards, but this stock rarely is listed for sale because dealers assume probably rightly so that the minimal profit yields are not worth the time, effort or auction listing expense.

Finally, to return to my earlier claim about insights here for other markets: While countless analogies abound, perhaps one would need look no further than the marvelous manipulations and colonial orchestrations of De Beers.

Call it cartel, empire, monopoly, De Beers cleverly manufactured the low supply and high demand dynamics inherent to the diamond mining and trade industry.

In other words, despite an actual heavy surplus of diamonds, De Beers historically restrained release to create a false sense of supply and demand — and thus higher prices. And much of this continues today. Yet it feels almost universal, no matter the marketplace: Wherever there is a market, then there will always be those who seek power and control over it.

But there will still need to be customers; there will still need to be believers. And even with such contexts and qualifiers in mind, I know that I continue to feel a deeply personal preference for those abused and orphaned pieces of cardboard over the more conventionally privileged siblings.

History shows us — as it shows so well on the bruised and battered surfaces of these misfits — that further considerations should be given beyond mere monetary value.

And perhaps no postwar era baseball life exemplifies this sentiment better than poor Mickey Mantle. Moscato lives and teaches in Columbia, S. His work has appeared in Spitball, Stymie, Lungfull!The model of demand and supply is the most powerful in economics.

The model applies exactly only to perfectly competitive markets, where there are many buyers and Mickey Mantle, the superstar centerfielder for the New York Yankees during the s and s: "At card shows, golf outings, charity dinners, Mr.

Mantle. Mickey Mantle thought he had the perfect phrase that Marvin D. Love Freeway in Dallas, Mickey tried to franchise the Mickey Mantle Country Cookin’ Restaurant.

He would frequently make ap- the collection, simply because of supply and demand. Not to say that the. Apr 04,  · Can someone help my please with these problems???: 2. Draw graphs to illustrate the difference between a decrease in the quantity demanded and a decrease in demand for Mickey Mantle baseball cards.

Supply and demand and mickey mantle

Give a possible reason for change in each graph. 4. Draw graphs to illustrate the difference between a decrease in quantity supplied and a decrease in supply Status: Resolved.

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Nov 09,  · In this July 11, file photo, Baseball Hall of Famer Mickey Mantle speaks to reporters during a news conference following his recovery . Supply and Demand Kimberly Jo DeVoy Western Governor’s University Supply and Demand A. Elasticity of demand represented as “Ed” is defined as a “measure of the response of a consumer to a change in price on the quantity demanded of a good” (McConnell, ).

Chapter 3 2. Draw graphs to illustrate the difference between a decrease in the quantity demanded and a decrease in demand for Mickey Mantle baseball cards.

Give a possible reason for change in each graph. Decrease in the quantity demand of Mickey Mantle Baseball cards. The reason is that the price.

Mickey Mantle Autographs: Still More Demand Than Supply