Picture Perfect

Nvidia

The economic principle I’m exploring is People gain when they trade voluntarily

My research question to help me study the economic principle is: How do consumers of computer parts know that they are getting the best price

The article published in Digital Trends titled “Recent data suggests that GPU supply might be stabilizing and prices falling” demonstrates this economic principle because it argues that if people should only buy the graphics cards if they really want them.

First, the graphics cards price is currently inflated an absurd amount, like the article said prices for the Nvidia cards have risen by as much a 100% in some cases. Being insanely high these prices should ward off those who don’t immediately need the part.

Second, the simple solution of switching brands isn’t the issue as Nvidia’s main competitor AMD is also having price issues, and although not as intense as Nvidia, with all high-end powerful graphics cards. So no matter where you go, and how you try to buy, you will be getting these incredibly high prices, which for the average consumer are on the steeper side of the coin.

Third, the prices of the graphics cards are sure to go down with the supposed rumors of graphics cards specifically designed for mining. If these rumors turn out to be true then the price will rapidly decrease as the sharks who wish to buy will, instead of going for the current top of the line, toward the less expensive, more dedicated graphics cards. In my next blog post I will research: Processors