Q Identify one product that has changed in price and clearly list either the determinant of supply or demand to explain the price change that has occurred.
The product which has notably changed in price is the gaming device of Sony which was being launched in the year of 2004. At that time, this gaming device was in large demand in the market. It holds some of the key specifications and also the brand image. This thereby attracts the attention of the customers because they can get this at a much prevailing price in it. They were also quite satisfied with it because of the high speed and the good features which this device provides to the customers.
