Novocirab@feddit.org to People Twitter@sh.itjust.worksEnglish · 5 months agoSock Puppet Twitterfeddit.orgexternal-linkmessage-square5linkfedilinkarrow-up13arrow-down10file-text
arrow-up13arrow-down1external-linkSock Puppet Twitterfeddit.orgNovocirab@feddit.org to People Twitter@sh.itjust.worksEnglish · 5 months agomessage-square5linkfedilinkfile-text
minus-squareOneser@lemm.eelinkfedilinkarrow-up0·5 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-up0arrow-down1·5 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.