Let’s say that demand for bacon fell by 50%. It seems obvious that the market would soon respond and supply of bacon (in number of pigs raised for slaughter) would also fall by 50%, right? Okay, so re-visualise for other values -- 40%, 90%, 10%, 5%, etc.
You should now be convinced that there’s a linear relationship between bacon supply and bacon demand. At a fine enough granularity, it’s probably actually going to be a step-function, because individual businesses will succeed or fail based on pricing, or individual farmers might switch to a different crop. But every non-consumer of meat is just as responsible for that.
In other words, let’s say 5% of people are vegetarian, causing 5% less meat production. We’re all equally responsible for that decline, so we all get to say that, on average, we caused fewer pigs to die.
It’s hard to visualise, yeah.
Let’s say that demand for bacon fell by 50%. It seems obvious that the market would soon respond and supply of bacon (in number of pigs raised for slaughter) would also fall by 50%, right? Okay, so re-visualise for other values -- 40%, 90%, 10%, 5%, etc.
You should now be convinced that there’s a linear relationship between bacon supply and bacon demand. At a fine enough granularity, it’s probably actually going to be a step-function, because individual businesses will succeed or fail based on pricing, or individual farmers might switch to a different crop. But every non-consumer of meat is just as responsible for that.
In other words, let’s say 5% of people are vegetarian, causing 5% less meat production. We’re all equally responsible for that decline, so we all get to say that, on average, we caused fewer pigs to die.