Supply and Demand in World of Warcraft

The timeless principles of supply and demand command the Warcraft economy as it does in economies throughoutthe globe, no matter the size or scope. 

The application of the basic tenets of the principles espoused by economists for centuries will reverberate throughout the World of Warcraft as well, game or not.

Not enough people are listening though, which is why it is essential and advantageous that you do.

With limited supplies of every product in the game, knowledge of supply is essential to game play and user interaction, and most importantly,gold making.

When an item is in low supply, yet wanted by users throughout the game, the principles of the economy will increase the value of that itemgreatly. 

The more people that want the item, the greater the increase in the value of the item. 

Rare and discarded items such as cloth and motes will sell for extravagant prices at the Auction House. 

The buyers are willing to pay because the demand is high. demand is dependent upon the items most needed at any given time, and the products that are most sought after by the entire population.

You should leverage supply & demand dynamics to your advantage and always be on the lookout for “shortages” in order to profit by selling items for a premium. 

One of the most profitable strategies one can apply when playing the Auction House is to stock up on many different items and regularly check the Auction House.

When the items in stock have no competition (i.e. no one else is listing them) then you should sell them for a premium.

This works especially well when dealing with “high demand” items like high level enchanting materials or other trade goods.

The next time you visit the Auction House buy a few extra items, and save them for the future.

The Ultimate World of Warcraft

             
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