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The Evolution of Big Screen TVs: A Tale of Supply and Demand

Do you remember when big screen TVs first hit the market? If so, you’ll likely recall their hefty price tags. Back then, there was a significant demand for these televisions, but only a few specialty retailers carried them. Fast forward to today, and you’ll find that almost every audio, video retailer, and general merchandising department store has a section dedicated solely to large screen TVs. This shift is a classic example of supply and demand in action. The Rise in Demand for Big Screen TVs When big screen TVs were first introduced, they were considered a luxury item. Despite their high cost, there was a substantial demand for these televisions. However, their availability was limited to a few specialty retailers, making them a rare commodity. The Increase in Supply to Meet Demand As the popularity of big screen TVs grew, so did their availability. Retailers recognized the high demand for these products and responded accordingly. Today, you can find a dedicated section for large s...