• Hello_Kitty_enjoyer [none/use name]@hexbear.netEnglish
    10·
    12 days ago

    (like a decreasing cost also decreasing consumption, because it means people can afford to replace a portion of their consumption with something more desirable)

    just in case someone doesn’t understand this:

    • streaming service reduces fees
    • person now has more money
    • uses it to build a computer
    • now spends their time gaming
    • questions why they even have the streaming service
    • cancels
    • an eagle named “supply and demand” sat atop the chalk and shed a tear
    • KobaCumTribute [she/her]@hexbear.netEnglish
      11·
      12 days ago

      The real world example I’ve seen cited for that is potatoes as a staple food being partially replaced by meat or other comparative luxury foods as their price fell because having to spend less on potatoes to survive meant people could buy a small amount of meat and so didn’t need as many potatoes.