No, the standard price elasticity of demand curve does not directly include profits. It primarily models the relationship between price and quantity demanded.
Supply curve??? The OP wrote "This is confirming demand is more inelastic"
No high paid manager wants to learn that their visionary thinking was just the last iteration of the underpants gnome meme.
Some things sound good at first but unfortunately are not that easy to actually do
As an Austrian citizen I unfortunately have to tell you that the existence of masked agents in unmarked vehicles is very bad news. The last time we had this they were called Geheime Staatspolizei and we now have a memorial at the location of their head quarters in Vienna. I am not usually someone trying to manifest Godwins law but this is straight out of the facist playbook. Another super worrying fact for me as a European is that the late Dick Cheney was so worried about American democracy and he always looked like Darth Vader to me from across the pond. Suddenly we are on one side, didn’t have that on my bingo card.
So what I take away is that he is using approx 3x electricity, that I do and that is including my electric car. I use an additional 5-7MWh of heat but on a heat pump that would still only be a max of 2MWh which doesn’t even bring me to half of his usage, for a family of 4.
I am also baffled that how common I do something never updates the model. I often use Siri to start a playlist while running but had to rename them because Siri would play some unknown to me public playlist instead of what would seem to me be the highest likelihood target - my own
Probably 95% of Germans live 15min from an Aldi. There are no Dollar General food wastes because the country is much denser and poor people have access to much better public transport
True. Population density differs by about 2.5x, and the US has some truly depopulated areas that essentially don't exist on the European contintent.
Although, rural Americans are also used to driving longer distances than rural Germans. I would venture that a 30-40 minute trip is not thought of as significant, especially if only done 1-2 times per week.
Rural grocery shopping (real food, not snacks), is typically done at Walmart or a smaller grocery brand or independent. For quick errands, DG does get a lot of it. You're starting to see grocery store logistics push in to what were traditionally gas-and-convenience-store corners, including Aldi, so the commutes for groceries are getting shorter.
It will be interesting to see what happens in the US with the price war over GLP-1 weight loss pills. Unlike Ozempic injections, they're going to penetrate into low income and rural households.
But here is a paper - only the title is German the main part is English https://pure.unileoben.ac.at/files/1851525/AC06514880n01vt.p...