Thank you for pointing out that food demand is inelastic, that does shift my perspective somewhat. A complication about demand for food is that American culture promotes luxury and overindulgence. Still not elastic, but more food waste than is "normal". In general, buying more food should cause more food waste.
> But generally, I don't see the relevance. Jevon's paradox is about lowered costs driving further demand; how does a non-browning banana lower the cost of bananas?
I think cost is not as relevant here, moreso that people will buy more bananas, as they will brown less quickly, but will often overshoot.
Overall food demand is inelastic, people can only eat so much. But specific foods can absolutely be elastic, different types of food kind of come in and out of vogue (avocado usage in the US is massively up over the last few decades).
I'm guessing the impact on this from the GLP drugs. I remember a post last week about the impact on the economy of the growing usage of this appetite suppression drugs.
> But generally, I don't see the relevance. Jevon's paradox is about lowered costs driving further demand; how does a non-browning banana lower the cost of bananas?
I think cost is not as relevant here, moreso that people will buy more bananas, as they will brown less quickly, but will often overshoot.