Novocirab@feddit.org to People Twitter@sh.itjust.worksEnglish · 10 days agoSock Puppet Twitterfeddit.orgimagemessage-square22fedilinkarrow-up1125arrow-down17file-text
arrow-up1118arrow-down1imageSock Puppet Twitterfeddit.orgNovocirab@feddit.org to People Twitter@sh.itjust.worksEnglish · 10 days agomessage-square22fedilinkfile-text
minus-squareOneser@lemm.eelinkfedilinkarrow-up2·9 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-up1·9 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.