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Old Tue Sep 18, 2012, 11:56am
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Quote:
Originally Posted by Rich View Post
Inelastic demand. And he did use it correctly. Young is an attorney, BTW. He went to law school during the winter semesters between football seasons while he was backing up Joe Montana.
First, I said he was "on the money," which means he used it correctly. I can't quite tell from your post whether you intended to correct me.

Second, Young's business finance undergraduate major is more likely than his law degree to be the source of his understanding of inelasticity.

And third, we're both wrong: properly used, 'inelastic demand' refers to stable demand in the face of price changes, not product quality changes.

Perhaps he's invented a new kind of inelasticity.
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Old Tue Sep 18, 2012, 12:08pm
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Originally Posted by maven View Post
And third, we're both wrong: properly used, 'inelastic demand' refers to stable demand in the face of price changes, not product quality changes.
Correct ... but what about inelastic desire?
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Old Tue Sep 18, 2012, 02:13pm
CT1 CT1 is offline
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Quote:
Originally Posted by mbcrowder View Post
Correct ... but what about inelastic desire?
Aren't you supposed to call your physician after four hours?
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