economic scarcityJuly 22, 2026elastic demandJuly 22, 2026 July 22, 2026 A cheaper cost per item when a larger quantity is manufactured. Related Articles: How We Got a $12.98 American Made T-shirtWhy a Cruise Ship is Like a Model-TWhat Economists Say About All-You-Can-EatWhich Firm Was the First Robinhood?Why Tesla's Totally Illogical Strategy Might Work Share