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No, we pay less for it. But there's much higher demand so overall use goes up.
by IshKebab 6mo ago
No, we pay less for it. But there's much higher demand so overall use goes up.
- TheLudd 6mo agoRight. That is not a paradox as stated. The paradox would be: * a TV used to be really expensive. So a home just had one * over time TVs become half the price. * now a home has 3 TVs, i.e paying 150% of what they initially payed.
- IshKebab 6mo agoIt is a paradox. The paradox is that increasing the efficiency of resource usage can lead to more resource usage. If you think that isn't a paradox because you can fairly easily explain why that is the case, you need to go and check what "paradox" means.
- TheLudd 6mo agoYou said: > No, we pay less for it. But there's much higher demand so overall use goes up. This is economics 101, not a paradox. To clarify how I read you: "If the price goes down, more people will want to buy, hence more units are sold" The paradox is that _one_ person, or entity, pays more as the price goes down.