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this post was submitted on 10 Jan 2025
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Not the Onion
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For true stories that are so ridiculous, that you could have sworn it was an !theonion worthy story.
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capitalism is unacceptable wherever there is inelastic demand.
I agree with the first three words lol
I think it can end there too but I'm not going to say markets and then spend the rest of my day explaining why that's different.
"inelastic demand"
I like that phrase, thanks
See also: https://en.wikipedia.org/wiki/Price_elasticity_of_demand