It seems like some of you are trying to dismiss a good point with a superficial use of simplistic notions you learned in economy 101. Short term demand for gas may be very inelastic but if I may suggest, open back your econ book and you will also find in the long term demand notion that market agents can turn to other alternatives in the long run. Also, to the original's comment point, it seems like part of this inelasticity is in fact due to a limited mentality (preferences) rather than limited alternatives.
Cofil19 t1_ivoiuzu wrote
Reply to comment by Rich_Elderberry5153 in Why a Blue check mark is now $8 on Twitter and Elon Musk's Next Steps - A piece of speculative business non-fiction by BandicootKind705
It seems like some of you are trying to dismiss a good point with a superficial use of simplistic notions you learned in economy 101. Short term demand for gas may be very inelastic but if I may suggest, open back your econ book and you will also find in the long term demand notion that market agents can turn to other alternatives in the long run. Also, to the original's comment point, it seems like part of this inelasticity is in fact due to a limited mentality (preferences) rather than limited alternatives.