top | item 44600316 (no title) 44520297 | 7 months ago More expensive relative to what? In nominal terms, everything gets more expensive because of inflation eventually. discuss order hn newest 9x39|7 months ago Relative to goods with elastic demand, food prices will rise faster because we have to eat. Food prices are also sensitive to its input prices, which also have inelastic demand.
9x39|7 months ago Relative to goods with elastic demand, food prices will rise faster because we have to eat. Food prices are also sensitive to its input prices, which also have inelastic demand.
9x39|7 months ago