"Disagree with you both on that one. Demand for some products is inelastic."
Yes. You are correct. People have to buy food, pay for clothes, etc. However, they can spend less on those items. Women can put off buying a Coach handbag for a month or two. Men can wait on buying the newest compensating golf club. Parents can put off buying their kids the newest video game console. People can even spend less on staples. Instead of filet minion, they can buy sirloin. The mechanism is there and can be used even if some products are inelastic. J - The power to tax involves the power to destroy. - John Marshall ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:351866 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
