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#714 Up↑ /88 Down↓ [Report] 2009-10-01 17:14 EDT
// Mr. Boericke is using milk as an example of an inelastic good because the amount people buy doesn't change a lot even if the price changes
Mr. Boericke: But when the price of milk goes down, you don't say, "Hot damn, I'm going to drink two quarts tonight!"
