I'm not sure i agree, but i don't know that i'm qualified to speak on the subject. In the case of necessities w/ inelastic demand, maybe that's possible. But

I'm not sure i agree, but i don't know that i'm qualified to speak on the subject. In the case of necessities w/ inelastic demand, maybe that's possible. But w/ products where there are viable alternatives, i don't agree that that's a necessary consequence. And even things like gas usage, there is flexibility in the demand. There is definitely some driving that has to be done, but people can and do cut back on the amount of travel they take because of gas prices. Also, there are sometimes alternatives to that means of travel too.