Researching price elasticity of demand for the new novels and rapidly reaching the point where the value of bullshit is outweighing the marginal value of additional knowledge
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Seriously, though, if anyone can tell me which has higher elasticity of demand, iron or gold, and why, I'd be appreciative
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Replying to @robkroese
Gold is always a weird comparison because a substantial part of its value is buying a chance that it will gain demand as a currency and that chance actually goes up as the price rises and decreases as the price declines.
4:28 PM - 6 Feb 2021
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