Quote:
Originally Posted by BruceM
I don't deny that this market is price elastic--the higher the price, the more income enters the picture, as a general rule. But it is good to see that you acknowledge the existence of "exceptions" to that rule.
In the same vein, I do not agree that the M4/M3 necessarily, let alone obviously as you say, "offer more" than the M2. Sometimes, for some people, less is more, and quite independent of price.
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Let's make this simple. There is, undeniably, more COST in the M3/4, but not necessarily more VALUE. Value is subjective. Cost is not. Good?