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Econ 545 week 2 case study 2 supply and demand

Econ 545 week 2 case study 2 supply and demand

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Case Study 2 – Supply and Demand

Stephanie Martinez

smartinez18@my.keller.edu

ECON545

Professor Dr. Kocharyn

Due Date:11/11/2018

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Introduction

The television is an electronic device that is currently in approximately 119.6 million

homes in the U.S alone (Statista.com, 2018). That number could be double or triple considering

most homes have multiple televisions. With multiple manufacturers like RCA, Sony, Samsung,

etc., the television has been available and marketed in every country in the world for decades.

This is a far cry from the television limited beginnings. By todays standard, a home without a

television would be the equivalent of a home in the 1940’s with a television. As the television

became more accessible the demand for content increased. This demand resulted in the

expansion of available channels and programming, which in turn, increased the demand for

bigger, better and smarter televisions.

Data

Over the decades, the television has seen changes in quality, available sizes and price

which has affected the demand and supply chain. The first televisions were exhibited to the

public in 1928 but is wasn’t until 1938 that they were produced and released to the public. The

first televisions were transmitted and viewable in black and white images only. Stations and

content were localized until the late 1940’s; at the time there was an impressive 98 stations in 58

market areas. Even though the concept of a color transmission was available in the late 1920’s,

the color television was not developed until the late 1940’s. The majority on households still had

black and white televisions until the mid-60’s when the color television became the standard

(BeBusinessed.com, 2018). As the quality of the television itself improved, from black and white

to color, the demand for better programming became the focus. No longer was the supply of

“public” broadcast television enough for consumers.

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Case Study 2 – Supply and Demand Stephanie Martinez smartinez18@my.keller.edu ECON545 Professor Dr. Kocharyn Due Date:11/11/2018 Introduction The television is an electronic device that is currently in approximately 119.6 million homes in the U.S alone (Statista.com, 2018). That number could be double or triple considering most homes have multiple televisions. With multiple manufacturers like RCA, Sony, Samsung, etc., the television has been available and marketed in every country in the world for decades. This is a far cry from the television limited beginnings. By todays standard, a home without a television would be the equivalent of a home in the 1940’s with a television. As the television became more accessible the demand for content increased. This demand resulted in the expansion of available channels and programming, which in turn, increased the demand for bigger, better and smarter televisions. Data Over the decades, the television has seen changes in quality, available sizes and price which has affected the demand and supply chain. The first televisions were exhibited to the public in 1928 but is wasn’t until 1938 that they were produced and released to the public. The first televisions were transmitted and viewable in black and white images only. Stations and content were localized until the late 1940’s; at the time there was an impressive 98 stations in 58 market areas. Even though the concept of a color transmission was available in the late 1920’s, t ...
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