Supply and demand is an economic model that determines prices in a competitive market. Generally speaking, supply refers to how much is available for sale, and demand refers to how much consumers want it. The selling price represents where supply and demand meet.
Posts Tagged ‘supply’
Supply and Demand is…
Thursday, May 19th, 2011Demand For 3D Projectors Stifled By Lack Of Supply
Thursday, April 8th, 2010As consumer demand for digital projectors skyrockets, the industry may not be able to supply quickly enough.
- Privately owned makers of projector components have struggled to keep up with the soaring demand.
- Despite the inability to match supply with demand, digital projector purveyor Barco doubled its projector sales in 2009 – its best year to date.
- Barco considers additional funding of component makers as a potential option for solving this supply crisis, and may even use a secondary supplier to meet its component needs.
Facts & Figures
- 85% of the world’s cinemas have yet to be fitted with digital projectors.
- Barco thinks it could make nearly 150 million euros ($203.6 million) in 2010.
- Barco shipped around 1,000 projectors in the fourth quarter of 2009, worth around 36 million euros.
Best Quote
“The challenge will not be how many you can sell, it will be how many you can make.” – Eric Van Zele, CEO of Barco
A Seller’s Market is…
Wednesday, September 23rd, 2009A seller’s market is a situation in which demand for a good or service is greater than the available supply, so the seller has more power to dictate the terms of sale, including price. Let’s say everyone in New York City wants to buy an orange (gotta get that Vitamin C), but only a few stores actually sell oranges. Those stores that do sell oranges are able to hike up the sale price because people who want to buy oranges have nowhere else to go to get their fix. This is a seller’s market because the stores can sell the oranges for whatever price they want, and people will still buy them.
Supply is…
Monday, August 10th, 2009Supply is the amount of a good or service made available to consumers.
Demand is…
Wednesday, June 10th, 2009Demand refers to how much of an item or service people are willing to buy for any given price. Basically, the demand for any particular thing is a measure of how much people want it.