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That's certainly true, but the grandparent was suggesting that there was little demand elasticity. My personal micro-economic experience leads me to think other
by zbrozek 2y ago
That's certainly true, but the grandparent was suggesting that there was little demand elasticity. My personal micro-economic experience leads me to think otherwise.
- dgacmu 2y agoNah, definitely is in places that are using nat gas for heating in particular. But I'm sympathetic to the ggp because the trope of "people will just use more" is a little over-broadly applied as an excuse not to improve efficiency. Like, reducing the energy use of your dishwasher doesn't cause much of an uptick in total dish washing.
- Retric 2y agoYour still talking about a ~5x price change resulting in a ~2x change in usage, that’s seriously inelastic demand.