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arrow-up130external-link*Permanently Deleted*trashJho@feddit.uk to United Kingdom@feddit.uk • edit-210 months agomessage-square22 Commentsfedilinkfile-text
minus-square420stalin69hexbear2·10 months agoThink about what you just said for a second. If the price doubles and the profit margin remains the same, that exactly means that the price is inelastic. Which is directly synonymous with saying the price is not subject to supply and demand pressure because that would imply elasticity. You pointed to price inelasticity as proof of price elasticity. God fucking damn. link
Think about what you just said for a second.
If the price doubles and the profit margin remains the same, that exactly means that the price is inelastic.
Which is directly synonymous with saying the price is not subject to supply and demand pressure because that would imply elasticity.
You pointed to price inelasticity as proof of price elasticity. God fucking damn.