25iQuiz: Is the demand for rocket launches inelastic?
"Say we had ten guaranteed launches per year in Europe and we had a rocket which we can use ten times—we would build exactly one rocket per year. That makes no sense. I cannot tell my teams: 'Goodbye, see you next year!'"
2/ Inelastic demand is when people buy about the same amount, whether the price drops or rises.
What does the evidence say so far about the demand for rocket launches as price decreases?
3/ Elon Musk:
“SpaceX rockets are 80 percent reusable, theirs are 0 percent. This is the actual problem.”
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