<p>Your analysis is incorrect because housing is not perfectly inelastic, and the University has had several centuries to adjust quantity to reflect demand.</p>
<p>You are also severely overestimating the elasticity of the product that is “OA leaders” and are vastly oversimplifying the process by which OA Leaders, particularly those who are trained enough to lead canoe trips (certainly even from a First Aid standpoint they’d need to be much more trained). You’d be surprised at how not everyone immediately jumps up and volunteers to be an OA leader. It takes a lot of work, and most people don’t have that kind of desire or time to commit. Add to that the fact that the canoe trips are extremely new (for example they did not exist when I went on OA a mere two years ago) and we can conclude that the analogy that I offered, while not 100% applicable, is more than adequate enough to surpass the bar of “so no it’s really not like that at all” that you laid out.</p>
<p>I would recommend not majoring in Economics. Perhaps you can try auditing some of those courses?</p>