Prices...What The...???

Started Apr 14, 2011 | Discussions thread
Digetydog
Senior MemberPosts: 1,327Gear list
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Re: Look at the price of a new D700!!!
In reply to moimoi, Apr 15, 2011

Interesting! What if people are more and more reluctant to buy (or even stop buying) the units b/c their price was raised significantly. In other words, what would happen if the demand decreases significantly (and we do have control on our actions I believe) while the supplies also decrease?

Essentially, the supply curve has shifted to the left meaning prices will rise. If sellers raise prices too much, they won't find the market clearing price. Eventually, prices will settle at the market clearing price and prices will be higher until supply returns to normal.

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