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It doesn't necessarily change the demand, but it changes the supply curve by making it cheaper per unit to produce whiskey. Previously, you could sell whiskey,
by roflc0ptic 5y ago
It doesn't necessarily change the demand, but it changes the supply curve by making it cheaper per unit to produce whiskey. Previously, you could sell whiskey, and the waste was garbage. Under this hypothetical scheme, now you could make money on the waste, too, reducing the price of production.
- VBprogrammer 5y agoWould this be an example of the Jevons paradox? https://en.m.wikipedia.org/wiki/Jevons_paradox https://en.m.wikipedia.org/wiki/Jevons_paradox
- roflc0ptic 5y agoI can't really tell. Certainly jevon's paradox adjacent.
- ohyeshedid 5y agoReminds me of Kingsford Charcoal.[1] [1]: https://en.wikipedia.org/wiki/Kingsford_(charcoal) https://en.wikipedia.org/wiki/Kingsford_(charcoal)
- IgorPartola 5y agoYou are assuming that having more supply will mean they need to immediately lower their prices. Glenfiddich is a premium brand. Have you once seen Apple lower prices on their MacBooks because they had too many in stock?
- deleted 5y ago[deleted]