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To: plain talk

It’s very relevant. Orange juice is not a necessity, it can be replaced with an alternate - water, apple juice, cola, whatnot.

Gasoline cannot.

You cannot pull into a gasoline station and say, “Hmmm, gas is a might bit expensive today, I’ll use diesel instead!”

Therefore, gasoline is an inelastic commodity. One will simply pay the price or go without. No choice.


72 posted on 02/19/2008 9:30:00 PM PST by gogogodzilla (Live free or die!)
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To: gogogodzilla
It’s very relevant. Orange juice is not a necessity, it can be replaced with an alternate - water, apple juice, cola, whatnot.

Irrelevant. The discussion was on profits and what it costs produce a gallon of gasoline vs gallon of orange juice.

88 posted on 02/20/2008 3:47:58 PM PST by plain talk
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