Explanations
Understanding Prices - Why Hasselblad Cameras Are So Expensive
9th August 2021
Another excellent Business Insider look at a luxury good - this time the Hasselblad camera.
But it's also interesting from the perspective of the history of the camera - the price of Hasselblad's digital cameras have seen significant price increases, largely as a result of the expense of the digital sensor at the back of the camera.
- Economics
- Blog
- Explanations
- Price Mechanism
- Luxury Goods
- Thorstein Veblen
- Income elasticity of demand
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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