TokenBoomer@lemmy.worldM to Progressive Politics@lemmy.world · 2 days agoThe number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economyhechingerreport.orgexternal-linkmessage-square13fedilinkarrow-up188arrow-down12file-text
arrow-up186arrow-down1external-linkThe number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economyhechingerreport.orgTokenBoomer@lemmy.worldM to Progressive Politics@lemmy.world · 2 days agomessage-square13fedilinkfile-text
minus-squareNougat@fedia.iolinkfedilinkarrow-up66·2 days agoYou see, when there’s high demand for something, its price goes up, because more people want to buy it. But when demand falls off, the price goes up, so that the company selling it can keep revenues high.
minus-squarewildncrazyguy138@fedia.iolinkfedilinkarrow-up22·2 days agoThere’s a name for that. https://www.investopedia.com/terms/e/inelastic.asp
You see, when there’s high demand for something, its price goes up, because more people want to buy it.
But when demand falls off, the price goes up, so that the company selling it can keep revenues high.
There’s a name for that. https://www.investopedia.com/terms/e/inelastic.asp