Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post

Joe · 01-08-2007, 08:43 AM

As the price goes up, the number of people that will accept a substitute increases.
A portion of the potential customers of the first-choice product will not go back - the rise of competitors who can meet demand becomes more likely.

01-08-2007, 08:43 AM	#11
Joe Registered User iTrader: (0) Join Date: May 2001 Location: Rhode Island Posts: 3,650	As the price goes up, the number of people that will accept a substitute increases. A portion of the potential customers of the first-choice product will not go back - the rise of competitors who can meet demand becomes more likely.
	Fish Hard Live Long