A lot of American action movies are quests to eliminate a villain. If in real life, villain are elastically supplied (like guns for buyback programs), should we care whether the hero captures a particular villain? Why or why not?

How might elasticities help to explain why people on vacation tend to spend more for food and necessities than the local population?

The villain in movies refers to evil characters, and their role in the film is critical. Villains are not found in movies only; also, they are found in plays and books.

No, it does not matter which villain is captured by the hero. This is because the supply of villains is elastic, thus if one villain is removed, another one will take his or her place.

Goods with alternatives are said to be more elastic than products with low or no other options. This because goods with no alternative like fuel can take a significant change in the industry to alter its price.

In the case of people on vacation, they have little or no alternative to getting food and necessities; thus, the local businesses tend to increase their price. On the other hand, they have many options for the local people; therefore, when a seller increases their costs for them, they can get the same product from another at a lower price. Thus, sellers tend to charge the local people at a lower price.