this post was submitted on 08 Jun 2024
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Science Memes

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[–] [email protected] 10 points 5 months ago

That tells me demand is more driven by diet & environmental reasons than cost.

To make up numbers:

Price a pound of pleat, er plant meat, at $10, and 5 vegans and 5 environmentalists buy it. Drop the price to $8 and 5 vegans and 5 environmentalists and 2 price-sensitive environmentalists buy it.

Gross $100 on the former or $99 on the latter. Net more than one dollar extra profit on the former (10 pounds cheaper to produce than 12 pounds). Solution if you’re a profit-hungry corporation? Keep the price high.

Bummer but think that’s what’s going on