That is a very rudimentary understanding of the system that doesn’t always pan out in a particular time frame or due to external factors.
- It takes time for that effect to occur
- It doesn’t take into account barriers to entry, of which there are many for food
- It doesn’t take into account that there are are actually a small number of companies that own the bulk of our food supply chain and it’s in their financial interest to keep prices high for things that are perceived as luxury
weker01@sh.itjust.works 3 months ago
Yup it is contrary to normal economic principles, read up on luxury goods and in particular veblen goods and how price finding works there.
In the end humans are not at all times rational. There is no homo economicus. Economics is as much math as it is a social study.
fine_sandy_bottom@discuss.tchncs.de 3 months ago
While higher prices cab make products more appealing, that is not the primary reason why vegan products are more expensive.