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by greglindahl
3081 days ago
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No, I got his point. Of the people who ski, some would be happy to substitute another winter sport if skiing became less desirable (more expensive or less fashionable). Some would substitute non-winter sports (e.g. go to the California coast instead of Tahoe.) That's the 'substitute goods' that I mentioned. If you really love skiing, you're still a part of that economic theory, you're just the inelastic part. You might still substitute something else if skiing became 10x more expensive. |
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For similar reasons, I’m not interested in going lion hunting for my holidays. It’s harmful. There are other alternatives. So use the alternatives!