The reason for this isn’t easy, and many different financial jargon floats round the issue

The reason for this isn’t easy, and many different financial jargon floats round the issue But it all starts with this specific: The typical payday-loan customer is too hopeless, too unsophisticated, or too exhausted from being addressed with disrespect by old-fashioned loan providers to take part in cost shopping. So demand is really what economists call cost inelastic.