-
Welcome
to BookAndReader! We LOVE books and hope you'll join us in sharing your favorites and experiences along with your love of reading with our community. Registering for our site is free and easy, just CLICK HERE!
Already a member and forgot your password? Click here.
what is market price?
- Thread starter helgi
- Start date
It is simple economics: where the demand and supply curves meet and create an equilibrium and thus a market price. With you holding your price so low, you create and under-supplied good as demand is high and supply is too low.
To create balance for the good, you need to increase your price, which will increase your supply in order to meet the demand. You simply have more money to earn, according to economic theory.
To create balance for the good, you need to increase your price, which will increase your supply in order to meet the demand. You simply have more money to earn, according to economic theory.
helgi
New Member
margins
You know, I took a marcro or micro economy class, and somehow I passed with a D, although I hardly attended.
...the one thing I took away from the class was something my economics proffesor had said when he was lecturing. He said/ "Intelligent people think in the margins"
...I had thought he had said "Intelligent people write in the margins" and so I turned in all my papers written in such a way, with two columns filling in each margin. Finally my proffesor asked me why I was writing in such a way, and I told him I was merely practicing his advice. He laughed and told me what I now know to be the quote
You know, I took a marcro or micro economy class, and somehow I passed with a D, although I hardly attended.
...the one thing I took away from the class was something my economics proffesor had said when he was lecturing. He said/ "Intelligent people think in the margins"
...I had thought he had said "Intelligent people write in the margins" and so I turned in all my papers written in such a way, with two columns filling in each margin. Finally my proffesor asked me why I was writing in such a way, and I told him I was merely practicing his advice. He laughed and told me what I now know to be the quote
Not really, but the price DETERMINES the supply. If you increase your price the result will be an increased supply and a decreased demand.
I'm only a layman with an interest and a few books read, however. But the solution to your problem would be to simply raise the price to the recommended market price, as it is the market equilibrium and will cause the market not to fail (unless there are any externalities of which I am unaware)If you can adjust your supply change the price, that's a layman's advice.
I'm only a layman with an interest and a few books read, however. But the solution to your problem would be to simply raise the price to the recommended market price, as it is the market equilibrium and will cause the market not to fail (unless there are any externalities of which I am unaware)If you can adjust your supply change the price, that's a layman's advice.
Rather than worrying about the "market price," which for eBooks is somewhat of a schmoo right now, worry about the price at which your eBook will sell. Price itself can determine demand. A thing at $50 may have little demand, but lower the price to $30 and an influx might occur. Of course you also have to fctor in what you think your "fair share" could amount to, but if your asking price means no one buys and reads the eBook, then where has that got you?