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Why People Are Consuming More Education More Healthcare
If you have any inefficiency story then consistent with what you were saying before the only rational response is to consume less of that good right. So demand curve slope down and so if you have some some real cost driven explanation some inefficiency driven explanation for why these costs are going up the onlyrational response is to consuming less of those goods. To explain why people are actually consuming more education more healthcare you need some ad hoc additional theory. You could say well the cost of education has gone up but we're more credentialistic society so that's why we're consuming more even though it's less efficiently provided or something like that.