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Previously on "How much are you willing to pay for a litre of Petrol ?"
The point I was trying to make my little retarded commie friend was that people are going to become decidedly pissed off when they can no longer afford their toys.
True.
Originally posted by The Late, Great JC
If you're so fecking clever why haven't you got a real job?
Perhaps you would care to reach simply conclusion that because I am so fecking clever I have the kind of job I want?
That's what I said, I suppose I should have used more down to earth words rather than saying the obvious from Economics 101 that fuel is a classic example of an "inelastic product"
The point I was trying to make my little retarded commie friend was that people are going to become decidedly pissed off when they can no longer afford their toys.
If you're so fecking clever why haven't you got a real job?
The thing is AtW, people will continue to buy fuel for their vehicles whatever the price...
That's what I said, I suppose I should have used more down to earth words rather than saying the obvious from Economics 101 that fuel is a classic example of an "inelastic product"
Smokes, booze, sugar, salt, fuel for cars are all unelastic products demand for which is pretty much stable until the point when people can't physically buy it -- and the price for this is way over £1 per liter.
This means that all this talk of preferences is pointless -- you will have to pay as much as you get charged for, unless you have alternative means of transport which in many cases is simply not the case.
The thing is AtW, people will continue to buy fuel for their vehicles whatever the price... However, the money for non-essentials will not be there anymore. People will work purely to put fuel in their cars and pay their council tax... Just think what that's going to do for morale!
I quite fancy a trip to the Southampton boat show this weekend or next. Thought I might do my bit for the environment (and Guinness profits) by taking the train.
Cost of train tickets - £110 for the two of us.
Cost of petrol and parking – about £35
So I reckon petrol would have to be around £3 a litre to make it economically viable to use the train.
I'm going down to Southampton at the weekend, particularly to drool all over the Predator 108. If only I had 4.7 million to spare... (Actually if only I had 4.7 million!!!)
Smokes, booze, sugar, salt, fuel for cars are all unelastic products demand for which is pretty much stable until the point when people can't physically buy it -- and the price for this is way over £1 per liter.
This means that all this talk of preferences is pointless -- you will have to pay as much as you get charged for, unless you have alternative means of transport which in many cases is simply not the case.
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