LucifarGundam @lucifargundam@social.cleverlibre.org

Man I wish the American economy still had small stores like this... Radioshack put them all out of business then stopped selling it when places like digikey put THEM out of business.. now you can only order from a catalog and its just not as satisfying.

https://ledpixelart.com/shenzhen/

#Electronics #EE #Engineering #ElectricalEngineering #Science
@Science

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@koherecoWatchdog

Since I worked on this in a data science role I know the numbers intimately. To give you an idea of just how insignificant the price-demand curve is for consumers:

In 2008 we have the most telling data, the average national gasoline price shot down from $4 dollars a gallon to $1.75 a gallon (nominal price) before rising back up again to $4 dollars a gallon in the year or two that followed.

Despite the price having decreased by more than half there was no noticable difference in number of miles driven by vehicals in on the road (total across all vehicles). In fact it **decreased*** slightly from 3.275 trillion miles traveled per year to 3.2 trillion miles traveled per year.

Likewise as the prices rose again there was no significant difference seen either.

Definitively showing that an increase in gas price (or decrease as the case may be) has a negligible effect on consumption, even when the difference in price is extremely significant.

@Demosthenes @tursiops