So. Some hotshot economics major found his 
way over to the drama party. He’s trying to impress you by saying fancy words like amortization and cost benefit blah blah blah…. Now you’re trying to check his facts… or… you’re a huge nerd. In either case, welcome.
This is basically the core to all economics…
SO SAID ECONOMICS
The Law of Demand:
All else being equal: when something is super expensive, people want it less, but if something is really cheap, people want it more.
Apple products are the obvious exception
The Law of Supply:
All else being equal: when it comes to the people making the product, the more that they can sell it for, the more of them that they wanna make.
Apple products are the obvious poster child
CONCLUSION
That happy sweet spot is where something is expensive enough to make suppliers want to make it, but cheap enough to make consumers want to buy it. And that’s called Market Equilibrium. BOOM
Eg: All apple products (apparently)
Now take that sweet knowledge back to the bar. Or keep browsing….
