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Obama is wrong about the gas tax
Think Clinton's plan to suspend the gas tax temporarily is a bad idea? A similar measure in Illinois -- which Obama backed -- seems to have helped consumers.
By George Frost [2008-05-06]

  • In an "inelastic" demand scenario" is WHAT?

    Inelastic demand is air. No matter what the cost, you'll buy a certain amount of it. That is, the demand is pretty much finite and pretty much constant no matter the cost.

    Elastic demand is chocolate. The amount you buy is based upon the price you have to pay.

    -- dhdOWNEY
    [Read dhdOWNEY's other letters]
    Monday, May 5, 2008 07:57 PM
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