💡 What if every price you’ve ever paid was a test?

📌Ever notice how some prices make people revolt—while others just keep climbing, no matter what?

📌Why does your coffee cost more today than yesterday?

📌Why do luxury brands thrive by charging more?

📌And why do some taxes backfire completely?

Spoiler: It’s not just supply and demand. It’s elasticity—the invisible algorithm shaping markets, policies, and even your paycheck.

In this episode of Ekonified: Enriching Economics in Every Experience, Event, and Existence, we crack open the most mind-bending truths about price elasticity—and why mastering it is an economic superpower.

🔍 What You’ll Learn (and Never Unsee Again):

✅ Why price hikes can start revolutions – From food riots to fuel protests, when do prices push people too far?

✅ The psychology of luxury – Why some products become more desirable when prices rise (and how brands use this against you).

✅ How businesses test your spending limits – Uber’s surge pricing, Netflix’s price hikes, and why you’re probably paying more than someone else for the same thing.

✅ Why no price exists in isolation – How one price change sets off chain reactions across industries (think fuel prices, tech shortages, and housing markets).

✅ The Taxation Tipping Point – Why some taxes actually work—while others just create black markets and loopholes.

✅ Elasticity Hacks You Can Use IRL – Predict price trends, negotiate smarter, and spot market shifts before they happen.

📖 Inspired by Chapter 5 of Principles of Economics (13th Edition) by Case, Fair & Oster

🎧 Hit play to unlock the economic superpower you didn’t know you had.

💡 Want more AHA! moments? Follow Ekonified now for sharper, smarter, and completely unexpected takes on how economics secretly runs your world.