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Old 21-07-2008, 02:58 PM   #151 (permalink)
Butterfly
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Quote:
Originally Posted by bkkandrew
Quote:
Originally Posted by Butterfly
yes please explain again how the demand for oil is elastic and how it is leading to higher price.
It isn't, I have never stated that it is. That is why I invited you to read my post again, with help, if necessary.
master of denial, see below. Tell me again what you are doing in RL ? teaching English ?

Quote:
Originally Posted by bkkandrew
given massive price elasticity (obvious to most, but of course, not you), this can quite easliy produce price rises of 1000's of percent.
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