Guns and bullets are complement goods. This clip from Chris Rock’s HBO comedy special talks about how making the price of bullets $5000 would limit the amount of shootings. This is essentially talking about how when the price of a product increases, the demand for complement goods related to that product decreases. By having the price of a bullet cost $5000, Chris is basically saying that the government should put a price floor on bullets. This will result in less people being able to afford bullets and possible a black market for bullets. All of which are addressed in this clip. This clip has been edited for class use.
H/T to James Tierney
Leave a Reply