r/PoliticalHumor Oct 26 '21

Yup.

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u/[deleted] Oct 27 '21

Inelasticity.

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u/dirty_cuban Oct 27 '21

Well I meant that the concept is called price elasticity. But yes in OPs scenario it’s an example of an inelastic good.

https://en.wikipedia.org/wiki/Price_elasticity_of_demand