3 ms·
My analogy works just fine. My point is that the fact that a good is necessary for life or mandated by a government has nothing to do with how competitive the
by CPLX 9y ago
My analogy works just fine.
My point is that the fact that a good is necessary for life or mandated by a government has nothing to do with how competitive the market is for supplying it.
The original comment is nonsensical, supply and demand have different curves with different elasticities. A government mandate affects the demand curve not the supply curve.