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by pedalpete
2230 days ago
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Demand for agriculture is inelastic, but I don't think the same of petroleum or financial services. Without travel, demand for petroleum has dropped significantly, to the point it was below 0 for a short time. Financial services can come to a screeching halt as well if people stop buying on credit or taking loans out on housing and cars. Maybe I'm being short-sighted in only considering the consumer aspect here. |
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