J
John Henderson writes:
>> I've noticed around here, as the price of gas goes up 15 cents a
>> week, there is corresponding increase in the amount of driving that
>> I'm seeing. It's not inelastic demand, because as the price goes
>> up, demand increases. So what is the correct economic term?
> May I propose "nihilism"?
http://news.bbc.co.uk/2/hi/uk_news/england/london/7081809.stm
I wanna drive my car!
Jobst Brandt
>> I've noticed around here, as the price of gas goes up 15 cents a
>> week, there is corresponding increase in the amount of driving that
>> I'm seeing. It's not inelastic demand, because as the price goes
>> up, demand increases. So what is the correct economic term?
> May I propose "nihilism"?
http://news.bbc.co.uk/2/hi/uk_news/england/london/7081809.stm
I wanna drive my car!
Jobst Brandt