A Personal Lesson on the Elasticity of Demand

Well, I discovered today that my personal elasticity of demand for a macbook was too high to see it through.

It’s not that I don’t want a Mac. I do. Really. It’s just that they’re so very expensive when priced next to a Dell Vostro. As a student in my current financial situation, I’ve decided that I honestly can’t afford a mac, as I would have to essentially cut myself off from all expenses for the remainder of the summer in order to finance the purchase.

For those who are curious, I purchased a Dell Vostro 1400; core 2 duo processor (2ghz), 3gigs of Ram along with some wussy little video card to power Vista’s Aero effects. 120gig hard drive, dvd burner, bluetooth, vista home premium, etc. The pricetag clocked in at just under $800.

The moral of the story is one that you probably already knew: college students are more price-sensitive than the average consumer. Go figure.

Someday when I’m fabulously wealthy I might get a Mac… but not today.

4 Responses

  1. Financial Md » A Personal Lesson on the Elasticity of Demand Says:

    [...] Original post by Greg Vandagriff [...]

  2. Mom Says:

    I think that was a really wise choice and shows your maturity!
    Love,
    Mom

  3. KellyatDell Says:

    Your post reminded me of my college days at Indiana University and my business economics class – elasticity, monopoly, imperfect competition –glad those days are behind me!

    I think you made a great choice with the Vostro 1400 – thanks for being a Dell customer.

  4. Buffy Bailey Says:

    Jack says, “Buying a Dell was a very good choice.”

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