Sure, but unless you're integrating the devices into a product to sell, an increase from $4 to $10 hurts a lot less than an increase from $80 to $200. I wouldn't change my mind about buying one or a few Pi Zeroes for hobby projects over $6/unit, but I may well consider a different platform over $120/unit.

Fortunately for me, I already have a stack of criminally underutilized Pi 3, 4, and 5 units on a shelf from a past (non-hobby) project. No 16GB, but multiple 8GB units, and 8GB is enough for most anything I can imagine wanting to do on a Pi.