Supply + demand= price.
Since demand remains relatively stable for hg sa keys, the main variable becomes supply...that is not fixed. More and more hg copies either surface or are "created" so I see a continuing of price softening unless something leads to an increase in demand.
True or False and why?:
The world's population increases daily. Therefore, the population of comic collectors increases daily. Thus, demand for comics increases daily. The increased demand for comics > increase in the population of comics
false... There is no correlation between an increase in population and increase in the percentage of that population that enjoys comics
Wouldn't have to be an increase in percentage. Same percentage on an increased # = a bigger #
Example:
Pop: 5 billion
% collecting comics: .01%
# collecting Comics: 500,000
Pop: 6 billion
% collecting comics: .01%
# collecting Comics: 600,000
But how are you determining that the collecting percentage will be maintained at .01%?