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

Everybody can get it. That's why we want to do fusion.

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

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.

And what we'll do in future videos is we'll actually explore situations in which that does happen.

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

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

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

Because in this system, machines are exempt from tax.

Japan's competitiveness is very strong in industrial products, but weak in agricultural products.

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

We lost out to our rival in price competition.

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.

Japan's competitiveness in camera making is unchallenged.

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.

And the other?

We must compete with the local stores in price.

But that would not even be double counting..

Japan is highly competitive in high technology industries.

And frankly, if there was a bunch of lemonade stands, everyone is trying to sell their capacity.

How does that change demand?

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

The price of everything increased.

And then kind of the third common errors, my price hast to be less than my competitor's price.

In the case of commercial airplanes, private companies compete to sell their product.

We must cut down on prices we can't compete.

What was the market size? What share could you take?

It is a complement. WRlTING

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.

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

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

On the right hand side it would only be a quarter.

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

Petroleum priced coal out of the energy market in Japan.

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

In the real world, customers come from more than one direction, and businesses are free to compete with marketing strategies, by differentiating their product line, and with price cuts, but at the heart of their strategy, companies like to keep their competition as close as possible.

Both national competitiveness and national security are at risk.

Come on, hurry!

And so, once again, if the price of related goods... well, it depends which related goods... but if the price of productive substitutes, so the price of other things I could produce... if the price of other things

I can produce cotton thread

The strengthening of competitiveness on export markets is an urgent need.

In other words, oil is getting uncompetitive even at low prices before it becomes unavailable even at high prices.

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