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Ahmed Zaki Yamani Quotes: The first law of economics is that when the price goes up, consumption comes down. This is a divine law.
         

The first law of economics is that when the price goes up, consumption comes down. This is a divine law.


Ahmed Zaki Yamani
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Other quotes of Ahmed Zaki Yamani


The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.

The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.



The Stone Age didn't end because we ran out of stones, and the age of oil won’t end because we run out of oil.

The Stone Age didn't end because we ran out of stones, and the age of oil won’t end because we run out of oil.



I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades.

I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades.



I think the main problem we have is the pricing of oil as it is now. I think it's wrong. It does not reflect the fundamentals of supply/demand.

I think the main problem we have is the pricing of oil as it is now. I think it's wrong. It does not reflect the fundamentals of supply/demand.



A small group of people, they raise the price of oil and the whole world will suffer from this.

A small group of people, they raise the price of oil and the whole world will suffer from this.





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What kills leadership growth isn't ignorance, but rather the illusion of knowledge.

What kills leadership growth isn't ignorance, but rather the illusion of knowledge.



I think loneliness is much better than companionship of a selfish.

I think loneliness is much better than companionship of a selfish.



Change is one of my favourite words.

Change is one of my favourite words.



A propensity to hope and joy is real riches; one to fear and sorrow real poverty.

A propensity to hope and joy is real riches; one to fear and sorrow real poverty.



Instead of receiving the help that she had hoped for, Mr. Cain instead decided to provide her with his idea of a stimulus package.

Instead of receiving the help that she had hoped for, Mr. Cain instead decided to provide her with his idea of a stimulus package.



There are no friends more inseparable than pride and hardness of heart, humility and love, falsehood and impudence.

There are no friends more inseparable than pride and hardness of heart, humility and love, falsehood and impudence.



The nearest we can come to) perfect happiness is to cheat ourselves with the belief that we have got it.

The nearest we can come to) perfect happiness is to cheat ourselves with the belief that we have got it.



The Kobe 8 is about enhanced performance. It's the most comfortable shoe I have worn. It's simplistic but has an edge to it.

The Kobe 8 is about enhanced performance. It's the most comfortable shoe I have worn. It's simplistic but has an edge to it.



One of my great passions is the collection of historical trivia.

One of my great passions is the collection of historical trivia.



There is a good principle which created order, light, and man, and an evil principle which created chaos, darkness, and woman.

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Quote Description


This page presents the quote "The first law of economics is that when the price goes up, consumption comes down. This is a divine law.". Author of this quote is Ahmed Zaki Yamani. This quote is about firsts, consumption, business, economics, divine, law,.