supply elasticities are always and everywhere, zerohttps://twitter.com/FreedomWorks/status/1056685807300435969 …
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i mean, okay, supply elasticity, but the subsidy now forms an absolute floor to the price, and if the subsidy is elastic you don't even need to compete to collect it. normally price reduction relies on greed overcoming natural instincts to cartelism but that's shot now
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