RAMSEY PRICING
\ɹˈamsɪ pɹˈa͡ɪsɪŋ], \ɹˈamsɪ pɹˈaɪsɪŋ], \ɹ_ˈa_m_s_ɪ p_ɹ_ˈaɪ_s_ɪ_ŋ]\
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Named after Frank Ramsey, known as the elastic rule. This is a term used to imply that if the market increases the price will increase accordingly. People used to buying a product will keep buying the product regardless of the increase in price.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.