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

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

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?

Because in this system, machines are exempt from tax.

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.

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

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

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

But that would not even be double counting..

How does that change demand?

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

They impose a huge export tax on rare earth elements.

It is a complement. WRlTING

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

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

I can produce cotton thread

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

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

Ten paper plates cost one dollar.

The price of everything increased.

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

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

As expected, the price of imported goods rose.

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.

Then auctions like eBay are another example of dynamic pricing.

Or if the DVD has special features.

Mass production reduced the price of many goods.

This product is made in Italy.

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

The threeYear rate of return on extenzalife products...

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

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

Product ID

Product ID

Inbound, Jordan product.

Price

Commodity tax is not included in the price.

These products are superior to theirs.

But one of the things that we always tend to confuse is the difference between a revenue model and pricing.

Now, in the web, it might be the cost my engineers.

But in a physical product, it might be the costed bill of materials coming out of my factory.

And so what would happen if the price of a related good