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

Started Apr 14, 2011 | Discussions thread
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Digetydog
Digetydog Senior Member • Posts: 1,458
Re: Look at the price of a new D700!!!

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.

 Digetydog's gear list:Digetydog's gear list
Nikon D610 Olympus OM-D E-M10 Nikon AF-S Nikkor 70-200mm f/2.8G ED VR Nikon AF Nikkor 50mm f/1.8D Nikon AF-S Micro-Nikkor 105mm f/2.8G IF-ED VR +6 more
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