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I think the point is a bit clearer if you imagine each song having its own market. I am not a member of the market for dubstep. I am a cheapskate in the market
by djackson 15y ago
I think the point is a bit clearer if you imagine each song having its own market.
I am not a member of the market for dubstep.
I am a cheapskate in the market for Taylor Swift songs - I'd never pay full price, but I could be tempted if they were twenty cents each.
I am a paying customer in the market for old blues albums.
So any one consumer is not always a cheapskate or always a paying customer. Every consumer is a cheapskate in most markets.