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No if the demand is inelastic. It means that for certain prices there is almos no change in demand, or even increase, and then, suddenly, at a certain price the demands breaks down. Just as an inelastic material could do when a certain tension is applied.

I really hope that this will be the dynamics. But I could be wrong

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Sun Jan 22nd, 2006 at 03:25:45 PM EST
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This is a great image... The oil market is strong but brittle.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sun Jan 22nd, 2006 at 03:29:59 PM EST
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