House Speaker Ongoing Melodrama

[Sociopathicsteelerfan]

(10-26-2023, 07:46 PM)Belsnickel Wrote: Except we know that the increase in prices will cause consumer demand to decline, it's in the data.



And no, that doesn't contradict my premise. If the quantity/volume sold decreases, but profit increases, then the price had to have been inflated to a level that was greater than needed to make up for any increases in prices they incurred.

My point is that oil and gas demand is not affected by price nearly to the extent that other products are.  Gas could be $10 a gallon, I still have to drive thirty miles to work.  Our units will still be on the street.  Trucks will still be delivering cargo.