Most of you have it wrong. If you keep prices high, you can suck the money out of the rich people while your product matures. Then when your goal demand drops, you lower the price a little bit at a time so the middle class can get robbed and the rich feel like it is a bargain. The rich start buying even more. Finally the prices drop more, so the low income family’s can afford them. The middle and rich are buying your product at mind blowing quantities because they are tickled pink that they can buy 2 for 1 compared to what the prices use to be.
Then the profits start leveling off. Everyone including your great grandma and grandpa has one (or five), movies sells are spiraling downwards. Now what? The manufacturers start a new campaign, and this starts all over again.
There is your lessons on economics. Supply, demand, and speculators.
Next lesson: How to rip off your customers unknown, and have them come back for more