There are points in time when producers have pricing power, and there are other times when they don’t. This concept is known as demand elasticity. If something has elastic demand, companies can’t raise prices much or else demand will go down. On the flip side, if something has inelastic demand, it doesn’t matter how much prices increase because people will still pay for it. In this episode of the BE SMART podcast, Jared discusses how demand elasticity impacts consumer spending habits, people’s perception of value, and whether you should ditch a company like Netflix when it jacks up its monthly subscription price.
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Money is hard to make, keep, and control— and almost everyone gets it wrong sometimes. Now, ex-Wall Street trader Jared Dillian and his co-host Cameron, are here to help you navigate your money and take control of your financial future.
Episode 373: Elasticity vs. Inelasticity of Demand
There are points in time when producers have pricing power, and there are other times when they don’t. This concept is known as demand elasticity....
Solid financial advice
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Get Smart
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Be Smart Podcast
Great use of 30 min each week. Gives great financial advice much more realistic than Dave Ramsey.
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To the point without economic BS
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One of the few professionals worth listening to.
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Jared is a rarity—incredibly insightful and informed in all facets of the financial markets and personal finance, yet extremely entertaining!
This guy is smart! Learning a ton
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This podcast is phenomenal
Sometimes the truth is harsh. What makes this show so unique is that Jared embraces this mantra and tells you exactly how it is.
What a goldmine
I just discovered this show and it’s my new favorite. I love Jared Dillan’s writing and investment guidance, and these podcasts are now adding even more pearls of wisdom.
Love this guy
Jared has got a rare authenticity that cuts through the minutiae.
Awesome Pod! Great Therapy!
As a career investment advisor, I listen to Dillian to relax and keep my head from exploding.
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Outstanding, informative, and entertaining.
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