2 ms·
You aren't required to purchase a home or drive a car. If you chose to, as most Americans do, then yes: the demand is inelastic. But that doesn't imply what y
by ozr 3y ago
You aren't required to purchase a home or drive a car. If you chose to, as most Americans do, then yes: the demand is inelastic.
But that doesn't imply what you're saying unless the supplier has monopoly power, which they, by law, do not.