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The number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economy
(hechingerreport.org)
this post was submitted on 16 Jan 2025
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That’s going to make college cheaper, right? Right?
You see, when there's high demand for something, its price goes up, because more people want to buy it.
But when demand falls off, the price goes up, so that the company selling it can keep revenues high.
There’s a name for that. https://www.investopedia.com/terms/e/inelastic.asp
I needed a good laugh. Thank you.