We have been learning about elasticity in ec 10. One of the students emails me this clip from The Wire (a great TV show, by the way) on the concept. For those who have not seen the show, the main character in the clip, Stringer Bell, runs a drug operation but wants to go legit and has an apparent interest in economics. The person spying on Bell is Jimmy McNulty, a police officer who in a later episode finds a copy of Adam Smith's Wealth of Nations in Stringer's apartment.
How is it that a drug dealer understands this but members of congress do not?
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