@TokenBoomerM to Progressive Politics • 2 months agoThe number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economyhechingerreport.orgmessage-square13arrow-up191arrow-down13file-text
arrow-up188arrow-down1external-linkThe number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economyhechingerreport.org@TokenBoomerM to Progressive Politics • 2 months agomessage-square13file-text
minus-squareNougatlinkfedilink67•2 months 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-squarewildncrazyguy138linkfedilink22•2 months agoThere’s a name for that. https://www.investopedia.com/terms/e/inelastic.asp
That’s going to make college cheaper, right? Right?
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
I needed a good laugh. Thank you.