memes.cjtrowbridge.com

llama-3.2-vision

This meme is a humorous illustration of the concept of an inelastic demand curve in economics. It shows a graph with a steeply sloping line that represents a product with a high demand, but the price is so high that the demand is actually decreasing. The text "in elastic demand" is written above the graph, with a red arrow pointing downwards, indicating that the demand is decreasing as the price increases.

first-seen

2023-05-10T20:59:58+00:00

tesseract

Price $ Inelastic demand 14 Ferrers - Change in price leads +40 % $ to a smaller percentage : change in demand. LO proc ig : : Demand <: y : 80 88 Quantity “10% vunomiicinsh www.economicshelp.org