You obviously caught this item during a brief upswing, but according to the graph the prices dropped off a day later.Īs for some of your other items, yes they are at ceilings, which Jagex created. When you combine low supply with low demand you get erratic prices that can go up or down rapidly, but rairly show any significant trend because of the low volume. Combine that with the fact that black armor is readily available at many stores, and its pretty clear that much of the black items market avoids the grand exchange all together. On the other side of the spectrum there is the fact that black is unsmithable, and most monsters that drop black items also drop much more valuable items, meaning that the black items either get alched or left on the ground to vanish. These players tend to know little to nothing about the grand exchange, and thus only about 10% of them probably ever try and buy a set on the grand exchange. This means that the only players buying full black armor sets are very low leveled players. Most pures actually don't buy full black sets because they have access to green or black dragonhide chaps, both of which give better defense stats. Think about it this way: black armor is bought by two types of people pures and low levels. Instead, I think that people are experiencing the result of very low supply and demand. This isn't actually a case of the item reaching a floor or ceiling if that was true the prices would be stagnant, but they are far from that. Bronze arrows never last for more than a second when you put them up for sale to the Grand Exchange.ġ) Why does the Grand Exchange price sometimes not adjust to reflect supply and demand?Ģ) Add any other examples you wish that also show the Grand Exchange price doesn't seem to adjust accordingly to current supply and demand. For a long time, blue dye and yellow dye were Grand-Exchange-priced much lower than demand would suggest. And until very recently, redberries were fixed at 102 gp even though demand far exceeded supply. Cheese never lasts more than a second after you put it for sale, before it is successfully sells. It's been like that for a long time.Ĭheese (108 gp). Demand greatly exceeds demand, but the G.E. I frequently see people saying "buying full black" at the Grand Exchange. But try buying a full set of black armour from the Grand Exchange, and you will find there is no supply. Whenever I sell a set of full black armour on the Grand Exchange, it never lasts for more than a second before it is sold. But sometimes supply and demand doesn't seem to matter.įirst examples I can think of: Full set of black armour (8,873 gp). The price of items on the Grand Exchange is supposedly determined by supply and demand.
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