If a good is inelastic in terms of demand. if the price does up the demand wont change.
ill give you an example. Drugs for druggies, as the are addicted to the drugs, if the drug dealer raises the price. demand wont be heavily affected. due to addiction.
@ne1l007 sorry guess i misunderstood you. by inelastic you meant "vertical" as there are many curves that are inelastic that price still influences. elasticity refers to how much influence price places on demand, and vicky vecky
I gotta give you props most cats are still caught up tryin to "drop science"...few have dared to look outside the box and drop econ.(I dropped that ish back in college when I switched majors) But fellas no love for "The Invisible hand" "Guns and Butter" or even "Trickle down". Don't worry... you guys completely won me back by showcasing a Mini-van and a bagel as "Product".
yall are cuteeeeeee :) hahah.
Yankees9Amanda 4 months ago
this was really cute guys :)
nickjluver57 9 months ago
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Nice job on the video looks good. When you have time come visit my channel!
FatReleaseSystem 9 months ago
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Nice job on the video looks good. When you have time come visit my channel!
TheHcgdietplan 9 months ago
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Nice job on the video looks good. When you have time come visit my channel!
pheromoneaction 9 months ago
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Nice job on the video looks good. When you have time come visit my channel!
chocolatediet11 9 months ago
haha very good song... can you plz share the lyrics in disctiption?
NIKARDARAS 9 months ago
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if u guys really wanna learn something about economics, type in "microeconomics: second period swag"
much better than this...
halfpipe302 1 year ago
This has been flagged as spam show
if u guys really wanna learn something about economics, type in "microeconomics: second period swag"
much better than this...
halfpipe302 1 year ago
haha! That's cool! Not detailed enough though. :-( Oh well. At least I learned what frictional unemployment is.
ArosIrwin 1 year ago
This is wack as hell. Check out my economics rap.
iTzTreborANDSemaj 1 year ago
hey cool man can u plz gimme da lyrics 2 ur rap
bboyjaggij 2 years ago
Supply might go up demand will may not go down.. what happens if the good is inelastic???
Not bad tho.. i would give this poem a 2.. but due to the current economic climate i would have to give this a 4
ne1l007 2 years ago
@ne1l007 im confused what elasticity has to do with your comment???
joshmccraney720 1 year ago
@joshmccraney720
If a good is inelastic in terms of demand. if the price does up the demand wont change.
ill give you an example. Drugs for druggies, as the are addicted to the drugs, if the drug dealer raises the price. demand wont be heavily affected. due to addiction.
any more questions feel free to ask.
ne1l007 1 year ago
@ne1l007 sorry guess i misunderstood you. by inelastic you meant "vertical" as there are many curves that are inelastic that price still influences. elasticity refers to how much influence price places on demand, and vicky vecky
joshmccraney720 1 year ago
@joshmccraney720
You are from the states, i am from the UK. we have different vocabulary.
Inelastic in the UK may mean something different in the states.
its like a large cola in the UK equates to a kids size cola in the states.
ne1l007 1 year ago
This has been flagged as spam show
pretty good actually
wadduppunk 2 years ago
This has been flagged as spam show
:D:D:D lol
joselinbogarra 3 years ago
dårlig"/
LeenaHeenriksen 3 years ago
the unrhythmicality makes it bad
runningmarvel 3 years ago
this sounds like the beat gangsta elijah used for his song. sorry, it just came to mind when i heard it
farishino 3 years ago
Im trying to find that song, know wherre to find it?
ashlink 3 years ago
This video doesn't suck that bad. I'm surprised.
intrepidy 3 years ago
its the next g-unit :P can i please have the mp3 version??
kathryn2302 3 years ago
can i get an email adress sil vous plait?
billumstefum 3 years ago
Wow :) Can i have it on mp3 please?!
Charlottteeeeo0000x 3 years ago
yes ma'am
i;ll need an email adress though
billumstefum 3 years ago
As "The Teacha" KRS-One says "Econ is something you do...Economics is something you Live"
LegendDairy1 4 years ago
I gotta give you props most cats are still caught up tryin to "drop science"...few have dared to look outside the box and drop econ.(I dropped that ish back in college when I switched majors) But fellas no love for "The Invisible hand" "Guns and Butter" or even "Trickle down". Don't worry... you guys completely won me back by showcasing a Mini-van and a bagel as "Product".
LegendDairy1 4 years ago
nice dude.
wilddcrazyd 4 years ago
LAWL.
lbakerr 4 years ago