Economics blog

Substitute goods, scarcity & the recession - Toshiba’s OLED TVs

According to Reuters (article here), Toshiba have frozen their plan for mass production of next-generation OLED TV panels, citing cost pressures from the recession and an increase in demand for the existing, competing LCD panels.

A nice little case study for teaching substitute goods, opportunity cost or the impact of the recession on what is clearly a luxury good.

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