Demand curves almost always have some elasticity left - Division of Labour
When the price of this product approaches zero and it isn't rationed, it gets used in this wide variety of ways:
o sari makers uses its oil to speed the thread through their sewing machines
o it gets mixed into asphalt
o it serves as a disposable water container
o soldiers use them to keep dust out of gun barrels
What is this product? Click the link above.
When the price of this product approaches zero and it isn't rationed, it gets used in this wide variety of ways:
o sari makers uses its oil to speed the thread through their sewing machines
o it gets mixed into asphalt
o it serves as a disposable water container
o soldiers use them to keep dust out of gun barrels
What is this product? Click the link above.
posted by John B. Chilton at 4/27/2005 06:53:00 PM
1 Comments:
Heh. There was a story from the old Soviet Union that was along these lines. Apparently they had a huge shortage of bottle caps and a big surplus of the item in question...
Yes, they used them to close bottles of commie "soda."
I think I read that in Hedrick Smith's book.
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