Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TigerPaw who wrote (188996)	5/21/2004 7:44:58 PM
From: tejek	Read Replies (1) of 1577172

Then you would predict that demand should be down. That is not the case either. There sure aren't less cars in font of me on my commute, and they aren't driving smaller SUVs. No supply shortage - No drop in demand. Short term, gas experiences inelastic demand even as gas prices go up......demand remains fairly stable.....and there is usually some shortages [although slight] which is what is forcing prices up. Over the longer term, gas demand becomes more elastic as people find reasonable alternatives, and demand and prices fall. Its at this point that surpluses develop. ted

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