DONT BUY GAS ON MAY 19th
#13
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gas is what we call an inelastic good, people need it like they need thier prozac, if the price goes up people will still buy it....class is over now kiddies.
That being said I'll try it still
That being said I'll try it still
#19
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Why do people insist on following people with simple answers for complext issues? No one buy gas on one random day and gas prices will plummet. dumbasses. Just because we didnt BUY gas that day doesn't mean we didn't USE gas that day. How would it help anything if everyone that would bought gas on the 19th would just fill up on the 18th and 20th? HOW?
Now if we didn't USE gas for say a month, year gas prices would fall. Along with our nation's defense, agriculture, manufacturing and construction.
That email is physical proof there are too many safety nets in society between stupidity and death. Its messing with natural evolution!
Now if we didn't USE gas for say a month, year gas prices would fall. Along with our nation's defense, agriculture, manufacturing and construction.
That email is physical proof there are too many safety nets in society between stupidity and death. Its messing with natural evolution!
#20
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Originally Posted by BenKey
Don't most companies up their prices to compensate for any losses? Just seems like potentially making the problem worse.
But take food for example (as a whole). If a farmer lost money, he cant jack up the prices. But if there was only ONE farmer, he could. why? because you need ford.
In the ideal laws of supply and demand/ free market, one supplier can not effect the prices of goods. however, this only occurs when there are MANY suppliers of this good and they aren't getting together to preset prices.
When there is a monopoly on an elastic good; no rules apply and its not a Free Market.