

There is a concept in economics called price elasticity, which is how the market adjusts to changes in supply and demand. If there are more alternatives for the product or the product is a luxury, the price is usually considered “elastic” as people will stop using the good over paying more for it.
Oil is price inelastic. For a lot of equipment, there isn’t an immediate substitute for oil and people need oil to do a lot of important economic activities. So, if there is a reduction in supply, a lot of people will pay more money to make sure they get their oil, which drives up prices far more than the lack of supply would normally suggest.
That being said, goods are usually more price elastic in the long run. For instance, people might choose an electric car right now over a gas powered car because electric cars now are a lot cheaper in comparison for total use costs.




Their ambitious plan is to protect their desktop monopoly. Microsoft had planned on making gaming a major part of their revenue. However, they messed up so bad that it created the first true threat to the Windows monopoly on decades.
If the SteamOS tech stack can get consumers off Windows, then it makes it that much easier to threaten the Office monopoly as well.