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16 which shows things have no absolute value again not maximizing sandwiches in production may try to get most shoes for least leather, but different than consumption satisficing s? what about collectors - maximizing status or aesthetic satisfaction elastic demand - diamonds inelastic demand - food may upgrade quality of food if income increased, but most people would not increase intake drastically theory is, however, that a woman can never have too many diamonds power, fame, honour seen to be elastic 17 [[sketch]] luxury [[?]] subsist IV. money not all - purp - can't buy love, votes, etc., Ph.D.s