Novocirab@feddit.org to People Twitter@sh.itjust.worksEnglish · 11 days agoSock Puppet Twitterfeddit.orgimagemessage-square22linkfedilinkarrow-up1124arrow-down17file-text
arrow-up1117arrow-down1imageSock Puppet Twitterfeddit.orgNovocirab@feddit.org to People Twitter@sh.itjust.worksEnglish · 11 days agomessage-square22linkfedilinkfile-text
minus-squareOneser@lemm.eelinkfedilinkarrow-up2·11 days agoIs this not simply covered by elasticity? E.g. if housing was $50,000 a month, most people would be homeless, even if it is a “need”.
minus-squareagamemnonymous@sh.itjust.workslinkfedilinkarrow-up1·11 days agoAt a certain level of inelasticity, the self regulating aspect of supply and demand becomes basically irrelevant.
Is this not simply covered by elasticity? E.g. if housing was $50,000 a month, most people would be homeless, even if it is a “need”.
At a certain level of inelasticity, the self regulating aspect of supply and demand becomes basically irrelevant.