RE: Internet or Cereal? 🥣 Understanding elastic and inelastic demand in my daily life[Eng-Spn]
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I think that elastic demand applies better under a more solid and stable economic system that gives us many more options when it comes to making adjustments, changing, or looking for a substitute, as you explain so well. The example of cereal applies very well to what many have had to do when they could no longer afford a product that was recently accessible, and therefore had to try something cheaper that is far from our expectations in terms of quality.
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Yes, that's right, we adjusted because there was no other option. It was the best example I could think of, thanks for stopping by. Very kind of you.
And although the market makes you believe that you have many valid options, the truth is that the only option seems to be to resign ourselves to what we can afford according to our means.
In the end, I think the market decides and we have no other option.🥲