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Demand and Supply of Wii Consoles
By Teddy Peterson on October 3rd, 2007
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Loading ...The human nature is if the supply of a particular object is short then the demand for that will automatically increases. People are crazy about the products which are short in supply. Anyone remember the Christmas rushes for the Cabbage Patch Kids, Tickle Me Elmo and Furby? “The scarcity — if it happens — will only serve to make people want the Wii even more, driving the price up on eBay,” Michael Pachter, a Wedbush Morgan analyst, told TechnewsWorld. “I think Nintendo is trying to manage capacity and demand. Excess capacity costs money, and I’m sure the company expects the shortage to be short-lived.”
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