(Hi Aldra)Elasticity of Demand and Consumer Perception of other expenses.

1. 2024-07-20 at 5:52 AM UTC

   #21
   

   Kingoftoes Tuskegee Airman

   Originally posted by Morshoo So again I assume the only reason you asked it was to virtue signal your cursory knowledge of various microeconomics concepts

   
   The reason I posted this was for people that are smarter and more educated than me to poke holes in my question and to give answers to even a very basic question.
2. 2024-07-20 at 6:12 AM UTC

   #22
   

   ner vegas African Astronaut

   Originally posted by Kingoftoes Or is the consumer's knowledge of maintenance/repair expenses generally lacking compared to their knowledge of initial expenses?

   
   I don't care much for economics but people in general are far more willing to eat ongoing costs than upfront costs, like those ridiculous no credit check 20% interest used car lots that are all over the poorer parts of the US. "that's not my problem, that's next week Jamal's problem"
   
   if you can make a product more appealing with the same upfront cost people are going to be more willing to buy it even if the ongoing costs are higher
   The following users say it would be alright if the author of this post didn't die in a fire!

   • Kingoftoes
3. 2024-07-20 at 2:46 PM UTC

   #23
   

   the man who put it in my hood Black Hole [miraculously counterclaim my golf]
   Voodoo economics are where it's at. We measure the economy using animal bones and stars