What I mean is that the price of a product depends on the amount of people who are buying it. If a product is expensive, then more consumers will choose that product over others. But, if the price of a product is low, then fewer people will choose that product over others.
The quantity effect is a more difficult notion to grasp, but it’s the general idea here: a higher price will lead to more people buying the product, but a higher price will also mean fewer people are willing to buy the product. So, if you’re selling a product with a low price, then more people will buy it, but if the price of the product is high, fewer people will be willing to buy the product.
The quantity effect is the opposite of the price effect. The price effect is a product with a high price, but a low quantity. In other words, if we have a high quantity of a product with a low price, then we are more likely to buy it.
In a real world example, a high quantity of a particular product will definitely mean more people will buy it, but high prices will also mean we may be more likely to buy it, even if we don’t actually want it. So a high price might be the same thing as a high quantity. In some cases, the quantity and price effects don’t co-exist. For example, a drug that has a high price in one country might have a low price in another country.
We have to be careful when we talk about price effects. When we talk about quantity, we are talking about the price effect. But when we talk about price effects, we are talking about the quantity effect. We might think we have a few minutes to think about it and we have no idea what the effect is. So we are more likely to buy it from a higher price than some other people have already bought it from.
You’re right. When I was a kid in the ’90s I thought I liked the movies. It was the only movie I liked. I didn’t get mad at the movie, but I had no idea how it got there. All the other movies made it so that you could get away with it.
Yeah, it’s a great reason to buy something with a price tag on it. But if you don’t understand why a movie is a good buy, well, it’s not.
I’ve read everything you’ve written, and I hope you’ve not done so much research. It will help someone like me who has been thinking about this for a while.
You can’t really blame the movies for this, though. There’s something about the movies that makes it seem that they don’t really care about how much they cost. They just want to make a great movie. If they had done something like this 20 years ago, they would have been accused of overvaluing their own work.
I love this quote. It is the epitome of why I think movies and video games are a good investment. Its a quote from the director and lead actor of “Back to the Future.” He says that in the future, people will be able to look at a movie and say, “I saw this 20 years ago, I thought it was really good.” Thats why I think video games are a good investment.
