Comment by RevEng
6 months ago
Tell that to people who can't even afford rent. Some goods are inelastic because people need them at any price. Housing prices are good example of that. This is also econ 101.
6 months ago
Tell that to people who can't even afford rent. Some goods are inelastic because people need them at any price. Housing prices are good example of that. This is also econ 101.
Take econ 101 again. "some goods are inelastic" isn't even a coherent sentence. You are out of your depth.