LogFAQs > #366800

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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TopicIf games cost $120, would you buy half as many games?
redrocket
09/21/11 10:00:00 PM
#42:


SmartMuffin posted...
Apparently Smuffin doesn't understand elasticity of demand.

I suppose that if tomorrow, the exact same video games we have now doubled in price and no other conditions changed, then yeah, sales would plummet, at least in the short term. But that's a ridiculous assumption and a completely unrealistic scenario and I guess I just assumed red sox wouldn't bother asking such a pointless question.


I think you were giving this topic too much credit.

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