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The lack of demand vanishes once prices come down to something reasonable.
by Salgat 3y ago
The lack of demand vanishes once prices come down to something reasonable.
- wtallis 3y agoI think this might be an appropriate time to make the economist's distinction between the quantity demanded at current prices vs the overall shape and location of the demand curve. Lower prices would shift the market equilibrium to a different point along the demand curve, but there would still be far less demand for 8TB drives than for 1TB drives. Shifting the demand curve itself upward would require something like a big change in usage patterns causing more consumers to need 8TB of local storage. Without such a shift, consumers will mostly be happy to save money on 1-2TB drives rather than move up to higher capacities they don't need.