4 ms·
Your overall point is true - but I'm unsure whether you are clarifying or trying to ackshualise. And well actually, "price/demand elasticity curve" appears to
by robocat 4mo ago
Your overall point is true - but I'm unsure whether you are clarifying or trying to ackshualise.
And well actually, "price/demand elasticity curve" appears to be ambiguous word-salad (although a human mistake;)
I do appreciate your response: it makes me think about what I should have written. You are correct that my comment was rather unclear. Most of us misunderstand how businesses maximize profits. I find economics hard.
- sshine 4mo agoYes, I just wanted to clarify that "businesses maximize profit", they don't necessarily maximize the unit price. Thanks for squinting and finding sense in how I said it. It's been 12 years since I took an econ course.