Maljonic
Can't get enough of FH
- Joined
- Dec 22, 2003
- Messages
- 1,297
I was just wondering about how new technology, or fairly new technology to the public like big flat screen TVs or whatever, is always grossly high in price when it first comes out in shops but becomes much cheaper after maybe a year.
Now does it become cheaper because it's no longer new, because the seller needs to attract buyers with lower prices rather than the novelty of a new item; or does the price of the new technology drop as a result of manufacturing techniques becoming better, making it easier to produce the things and therefore cheaper to make.
Are they ripping us off needlessly with high prices because we are suckers for anything new, or are they selling new things at a higher price because they need to cover intitial costs?
Now does it become cheaper because it's no longer new, because the seller needs to attract buyers with lower prices rather than the novelty of a new item; or does the price of the new technology drop as a result of manufacturing techniques becoming better, making it easier to produce the things and therefore cheaper to make.
Are they ripping us off needlessly with high prices because we are suckers for anything new, or are they selling new things at a higher price because they need to cover intitial costs?