Jho@feddit.uk to

United Kingdom@feddit.uk • 1 year ago

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Jho@feddit.uk to

United Kingdom@feddit.uk • 1 year ago

UK government admits Rosebank oil will not be kept in UK to boost energy security

www.theguardian.com

Ministers have previously claimed oilfield development will improve domestic energy security and help consumers

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420stalin69
·
1 year ago
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.

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