"Price go down means more demand" applied blindly is a an economic theory so absurdly shit that even the most apeshit libertarians like Ayn Rand know it isn't true. Don't make me defend Ayn Rand.
Of course it is. When someone is thinking of suing someone else the first thing that gives them pause is the potential legal costs.
You. Cannot. Win. Against. Capital.
And then you're going to sue, and realize that the system is so massively overloaded that the next available judge and jury are in 32 years. Also they're lobbying to replace those with AI judges where they entirely removed the concept of nuance.
Could see the future being AI arguments -> AI judgement -> appeal to human judge/jury
With the appeal to humans being expensive (human lawyers required?) or volume-barred in some manner.
Why would there be less demand for contract law or for privacy related law, for example? There is certainly some elasticity in law related things from my own experience.
Where have I applied elasticity blindly?