Not sure I'm getting all the subtleties of your argument but for food, say for example suddenly they charged 100x the price for wheat, people would switch to something different.
Of course people need food, but there are many kinds of food and it's competitive between the different foods.
Lifesaving drugs are something where it's often difficult to substitute.
Of course people need food, but there are many kinds of food and it's competitive between the different foods.
Lifesaving drugs are something where it's often difficult to substitute.