Today my economics teacher was talking about elasticity of demand and used a hypothetical example of a price on air. No matter what the price is set at, people still need air, therefore it would be inelastic. That got me thinking. What an interesting concept: a charge for air. So I decided to devise a plan for just that. Here's the question: "What
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Also, I seem to remember a short story which incorporated the very idea of charging for air... they did it by volume, though I do not remember how it was measured. Athletes were the poorest of the poor.
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You should. I would definitely read them, and likely comment on them.
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It is fascinating to think about, isn't it?
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