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To: wizzler
. Quick economics lesson for you: Cost doesn't determine price. Supply and demand determine price.

Exactly, and demand isn't there, and the RIAA and their convicted price gouging members haven't adjusted their price accordingly. Demand for their product has dropped pure and simple, and they continue to price as if it hasn't. THen when they don't sell enough crap because they have priced themselves out of the market, they blame others that they aren't selling enough records.

Sorry, I have a digital reciever with XM, I record the song off my XM onto my hard drive, I haven't broken any law and I have a digital copy of the music for my own personal use... no theft at all.

24 posted on 02/26/2003 12:09:07 PM PST by HamiltonJay
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To: HamiltonJay
Exactly

OK, so you DO understand this. Why, then, did you imply earlier that CDs should be priced based on their manufacturing costs?

the RIAA and their convicted price gouging members

Please tell us which RIAA members have been convicted of "gouging." (I'll set aside for now the arguments against the whole notion of "gouging" in the first place.)

Demand for their product has dropped pure and simple

What evidence do you have that demand has dropped? The activity on Kazaa and other "file-sharing" services seems to indicate quite a robust demand for their products.

they continue to price as if it hasn't.

Presuming for the sake of argument that demand has indeed dropped and prices haven't been adjusted accordingly, then those misguided pricers will die a natural death. It doesn't justify unauthorized downloading.

28 posted on 02/26/2003 12:24:47 PM PST by wizzler
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To: HamiltonJay
Post #24 - Well said!
62 posted on 02/26/2003 3:13:37 PM PST by BlkConserv
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