Inelastic Demand

I have discussed Moscow's very expensive restaurants, very fancy cars, very expensive housing, and very uneven resource distribution.  Put all of these "very" topcis together, and you have a picture like the one below.

Perfectly Inelastic Demand

Someone I highly respect recently said to me that "there are two types of people in Russia:  Those who know the difference between $1 and $1,000 and those who do not.  The problem is that only the people that do not know the difference have money to spend."