tag:blogger.com,1999:blog-7169279.post112588253422729009..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Oil reservesDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7169279.post-33538373091528885902008-05-06T22:41:00.000-06:002008-05-06T22:41:00.000-06:00Inelasticity is really about personal flexibility....Inelasticity is really about personal flexibility. I'm not sure we should feel sorry for the inflexible.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-78834915803876367572008-04-15T22:05:00.000-06:002008-04-15T22:05:00.000-06:00Dr. Tufte made an argument that I agree with that ...Dr. Tufte made an argument that I agree with that we are not at the mercy of the gas companies. They can only raise prices until we won't pay. So really it is just a market and the consumer surplus is going down as prices go up.carterhttps://www.blogger.com/profile/05176187104000148384noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1126818675125426972005-09-15T15:11:00.000-06:002005-09-15T15:11:00.000-06:00-1 on Ann's post for a poorly formatted link. I'd ...-1 on Ann's post for a poorly formatted link. I'd also like to see Maddy's link formatted, but that is tougher in comments (I'll put something on my webpage about how to do that).<BR/><BR/>-1 on Liz's comment for spelling errors.<BR/><BR/>I'm not really sure I understand the argument that Ann is making. In what sense are we "at the mercy" of the oil companies? They can't raise prices if we won't Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com