And so the first of these that I will focus on the first is the price of competing products.

And luckily for us, it is a fairly intuitive idea.

The last video we talked about the price of related goods(price of related goods)and if the price of related goods change, both compliments and substitutes, (how that might change) how that might increase or decrease demand, the entire curve not just one particular scenario.

And the other?

The other thing we assumed that's being held constant is price expectations for our good.

Expectations... Expectations... of future prices. So let's say...

With this price, your product would not be competitive in the Japanese market.

Because in this system, machines are exempt from tax.

So if you assume that the price of... actually, I shouldn't say Competing Products,

But that would not even be double counting..

VAT is inserted at the end of the value chain and clearly declared.

We have talked a little bit about the law of demand which tells us that, all else equal, if we raise the price of a product, then the quantity demanded for that product will go down. ..common sense.

It is a complement. WRlTING

They impose a huge export tax on rare earth elements.

How does that change demand?

The quantity demanded will go down, and you can imagine the other side of that.

So now expect the future price to go up. What's going to happen?

And the cost of a transistor cycle, which is a measure of the price performance of electronics, comes down about every year.

If for whatever reason oil becomes scarce in a country like the United States, then the price of oil and gas would go up.

I will say the price of Related Products because WRlTING we will see that they are not all competing.

Or if the DVD has special features.

We can offer these new products at 20 below list price.

I can produce cotton thread

Right here, right now.

Let's do something about it.

Ten paper plates cost one dollar.

The upper right hand corner is where you want to be.

They can produce the same goods at a far lower cost.

We had to completely transfer ourselves over to their world.

She's very sensitive down there.

The price of everything increased.

I think of it almost like

The disposal of 200 million of infected product.

I am very sensitive to the cold.

When you have a patent, you can exclude anyone else from making, from producing or making

But sensory is an issue.

We expect by this time next year, it'll be hundreds, a few hundred bucks, to buy it.

Dogs have a keen sense of smell.

As expected, the price of imported goods rose.

Your nerves, responsive.

Many of the German companies, for instance, believe that they are really producing a high quality product at a good price, so they are very competitive.

You often have to buy the cheapest products.

It's not about low cost.

Commodity tax is not included in the price.

They are susceptible to changes in fashion.