isn't there a law for that? as things become cheaper you consume more?

sobellian 3 hours ago | parent | next [-]

You're probably thinking about jevons paradox. But you slightly mis-stated. It is the phenomenon that increasing the efficiency of resource consumption can end up increasing total consumption.

As you stated it, it would merely be a property of (nearly) all demand curves. Jevons paradox only happens sometimes. It isn't a law.

	▲	dangus 3 hours ago \| parent [-]
		An example of where it stopped happening is with gasoline in developed countries. Cars having better fuel efficiency doesn’t make me drive further to the grocery store or work. Generally when someone replaces their vehicle the new one is more fuel efficient than the old one even if I bought the same car.

▲

simonw 3 hours ago | parent | prev | next [-]

Jevons paradox: https://en.wikipedia.org/wiki/Jevons_paradox

▲

loloquwowndueo 3 hours ago | parent | prev | next [-]

Jevons paradox.

https://en.wikipedia.org/wiki/Jevons_paradox

▲

sidhantdhar 3 hours ago | parent | prev [-]

jevons paradox