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Originally Posted by Jim Bon Jovi
Quote:
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Originally Posted by Late
No change in revenue. The dealer will just put the price up to the level he wants. Users will buy it anyway. :P
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fool. 
demand is price inelastic ie people will put that **** up their nose wether the price increases or not. Increase in price without a huge change in consumption = higher revenue.
that's why the government can tax the **** out of petrol, booze and fags. People will buy it regardless of the tax stuck on it. |
Haha. I´m just learning this stuff, 2 months now, and in finnish. And actually...if the supply decreases there are two things the dealer might do...increase the price just as much as it is necessary to get the same amount of money he/she did before. Or increase it very much so that he/she could get better profits.