On 02-Dec-04, Frank Reichert wrote:

 r>> You completely mischarcterize the situation.  They want X amount of
 r>> spending rather than 1.1 times X.  However, given a choice between 1.1
 r>> times X and 0.1 times X, they'll take 1.1 times X.

 FR> I for one really wish that you wouldn't do stuff like this, but
 FR> we've been through this drill before.  Human actions, reactions,
 FR> and social science isn't a matter of mathematical extrapolations
 FR> or possibilities....

Do you know what "price elasticity" is?

 FR> ... No wonder some people might be confused, as I certain am, in reading
 FR> this jiberish....

I thought it looked pretty straightforward.

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