Novocirab@feddit.org to People Twitter@sh.itjust.worksEnglish · 4 months agoSock Puppet Twitterfeddit.orgexternal-linkmessage-square22fedilinkarrow-up1128arrow-down17file-text
arrow-up1121arrow-down1external-linkSock Puppet Twitterfeddit.orgNovocirab@feddit.org to People Twitter@sh.itjust.worksEnglish · 4 months agomessage-square22fedilinkfile-text
minus-squareOneser@lemm.eelinkfedilinkarrow-up2·4 months 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-up1arrow-down1·4 months 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.