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This is contrary to basic economic principles.
If a beef burger and vegan burger cost the same to make, but people will pay more for the vegan, that world attract more vegan producers to the market, and more competition would reduce the price.
Yup it is contrary to normal economic principles, read up on luxury goods and in particular veblen goods and how price finding works there.
In the end humans are not at all times rational. There is no homo economicus. Economics is as much math as it is a social study.
While higher prices cab make products more appealing, that is not the primary reason why vegan products are more expensive.
That is a very rudimentary understanding of the system that doesn't always pan out in a particular time frame or due to external factors.
It's not rudimentary, it's a complex system reduced to a few sentences.
Vegan patties have been around forever.
There aren't significantly more barriers to entry for food products than other industries.
Yes vendors want high prices, but that applies to any product, not only vegan products.
The answer is, as everyone else has pointed out, economies of scale. There's a larger market with more participants producing more beef burgers than there are vegan patties.
Economies of scale affects the costs to the manufacturer. Competition/demand affect the price to the consumer.
Correct. That's precisely why producers of meat patties can still be profitable at a much lower price point.
"basic economic principles" is handwaving. you're storytelling, not making a scientific postulate
It's a lemmy comment.
it's storytelling, not science
It's social media, who's making scientific postulates?
lots of people talk about economics as though it is science.