Better Buy Your Guns Now, Going up Tomorrow??

With the recent news of the election of Barrack Obama many firearm enthusiast are having flash backs to the Assault Weapons ban of 1994. Passed by Congress on September 13, 1994 and signed into law by President Bill Clinton, this bill would last for 10 years and would ban the sale of certain semi-automatic “assault rifles” to the civilian population.

Although no mention has been made of the renewal of such a ban fears are still evident through the rising of prices for firearm components. Companies such as Spikestactical.com have already taken the first step by raising their prices on stripped lower receivers for “assault rifles” from their original price of $115.00 to the new price of $179. Some may argue that this could be just a gradual change in the market but this is in fact not the case because this change did not occur over time,  it occurred last night after the election results were posted.

Companies like Spikestactical.com believe that they will be able to cash in on the sudden change in political power in Washington but this is where it shows that they forgot to do their economic homework. Contrary to what is believed by Spikestactical.com the goods they sell are not part of an inelastic market and are in fact very elastic because of the availability of substitutes. Companies such as Anvil Arms and AIM surplus sell similar products but have chosen not to raise their prices in accordance to the election results. So instead of cashing in on scared buyers, Spikestactial.com may in fact suffer losses because the demand for their product will eventually decline and that of substitutes will be expected to increase.

PCCapitalist Update: Check out this website, it seems that the substitution effect will not play a part in this one and this is in fact a shift in supply.

~NeoMasonian

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Published in: on November 6, 2008 at 7:42 am  Comments (2)  
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2 CommentsLeave a comment

  1. FACTS, JUST FACTS, ONLY FACTS

    FACTS THAT SHOULD SCARE EVERYONE

    OBAMA’S BUDDY WANTED TO BE THE BIGGEST MASS MURDERER IN THE HISTORY OF THE WORLD

    http://ngoldfarb.wordpress.com/2008/10/22/barack-obamas-boss-and-mentor-william-ayres-group-killed-more-people-than-the-kkk-klu-lux-klan/

  2. […] Better Buy Your Guns Now, Going up Tomorrow?? With the recent news of the election of Barrack Obama many firearm enthusiast are having flash backs to the Assault Weapons ban of 1994. Passed by Congress on September 13, 1994 and signed into law by President Bill Clinton, this bill would last for 10 years and would ban the sale of certain semi-automatic “assault rifles” to the civilian population. Although no mention has been made of the renewal of such a ban fears are still evident through the rising of prices for firearm components. Compani […]


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