¶ … suppliers? Who are the demanders? What determines each groups ability and willingness to supply and demand the good? What determines the quantity sold in a year and the average price at which it is sold? Analog camera market started to fade away as digital photography came up to the market since 1975. Digital photography expanded simultaneously as technology developed. It started taking over the market. Analog cameras weren't enough for people. People wanted to take more photographs at a time, wanted to store more images in a card, and wanted to see the picture clearer. As everything develops and gets qualified more, photography market were getting better and better as well. Cameras are tool to discover and observe life; a new product will always make money. Rather than using for aesthetic purposes, purpose of documenting is the most logical decision to purchase the newest product. Demand for a brand new camera with brand new qualities and skills will never fail.

However, as the empire of digital photography rises, the demand for analog photography started decreasing and decreasing until a new trend came up. Younger generations are willing to take images as their grandparents generation did. It was a huge trend and it took the younger generation to its whirlpool. It seemed aesthetic, marginal, and hard...

It lost its spark within 30 years. The trend rose the demand for analog photography, children were barrowing their parents unused cameras or purchasing 2nd hand old cameras, which revived the sector once again after a long period of time. In almost 2 to 3 years they invented the concept of mobile photography, they put quality cameras into Smartphones, which enabled people to drop the habit of carrying their cameras since their mobile device is much lighter and had almost the same quality megapixels as their digital camera. Why would you carry another camera on your shoulder? Its a reasonable argument. They invented a brand new concept called mobile photography, to be specific, iPhonography, which totally changed the whole market. Dropped like a bomb. Increased the desire of photography but at the same time it decreased the demand of digital and analog cameras. A third competitor had come in to the market. People started not to carry their digital cameras, they are much more satisfied with their iPhones or Androids. They have the opportunity to edit their images in applications on their Smartphones. They simplified the whole process of transferring the images from one device to another and editing them on Photoshop, for people who were interested in…