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Elastic vs Inelastic: Explained with a rope! #economicsexplained
Elastic vs Inelastic: Explained with a rope! Why does a $1 soda sale make you buy three, while a $100 insulin price hike still gets paid? This video dives into the strange world of elasticity—the hidden rule behind why some prices bend and others don’t. From pizza slices on Super Bowl Sunday to rent in New York, from Starbucks lattes to ...
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