Elasticity Memes

Economics professors be like: "Tariffs? Bad. But have you seen what happens when elasticity goes negative?!" *shocked Spongebob eyes* That moment when your trade model breaks the fabric of economic reality. In economics, elasticity (ε) is supposed to be negative - it measures how demand drops when prices rise. If ε>0, you've basically created a universe where people buy MORE stuff when it gets MORE expensive. Next thing you know, students are paying extra for textbooks voluntarily and the Federal Reserve is hiring meme creators for policy advice.

Nothing says "trade war" like weaponizing economics with suspiciously precise formulas. That equation for calculating reciprocal tariffs looks like someone tried to mathematically justify why your avocados now cost $7. The elasticity is "near 2 in the long run" - much like my patience for economic policy papers that use Greek letters to sound smarter. They really set the price elasticity at 4 when real evidence suggests 2, which is basically the academic equivalent of doubling your recipe's spice measurements because you "feel like it might need more."