/biz/ - Business & Finance

Anonymous Thu May 28 02:46:15 2015 No.768590 [View]
File: 28 KB, 755x367, Inferior normal luxury goods examples.jpg [View same] [iqdb] [saucenao] [google]

>>768336
>The correction would likely be massive inflation to the point of people on BI ending up below the poverty level

What is "income elasticity of demand"?

>>768337

>Unless basic stuff like food and housing prices are fixed and enforced by a governmental agency inflation would make prices of everything skyrocket within a decade

Coughincomeelasticityofdemandcough

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