TokenBoomer@lemmy.worldM to Progressive Politics@lemmy.world · 2 years agoThe number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economyhechingerreport.orgexternal-linkmessage-square10linkfedilinkarrow-up191arrow-down13file-text
arrow-up188arrow-down1external-linkThe number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economyhechingerreport.orgTokenBoomer@lemmy.worldM to Progressive Politics@lemmy.world · 2 years agomessage-square10linkfedilinkfile-text
minus-squarelemmylommy@lemmy.worldlinkfedilinkarrow-up50·2 years agoThat’s going to make college cheaper, right? Right?
minus-squareNougat@fedia.iolinkfedilinkarrow-up67·2 years agoYou see, when there’s high demand for something, its price goes up, because more people want to buy it. But when demand falls off, the price goes up, so that the company selling it can keep revenues high.
minus-squarewildncrazyguy138@fedia.iolinkfedilinkarrow-up22·2 years agoThere’s a name for that. https://www.investopedia.com/terms/e/inelastic.asp
That’s going to make college cheaper, right? Right?
You see, when there’s high demand for something, its price goes up, because more people want to buy it.
But when demand falls off, the price goes up, so that the company selling it can keep revenues high.
There’s a name for that. https://www.investopedia.com/terms/e/inelastic.asp
I needed a good laugh. Thank you.