Most will agree that a good violin is not an expensive instrument, but not a rare one either. How much money would it take to pay for a good violin? That would depend on two things: the quality of the violin, and the buyer’s budget. In the first case, the cost of the violin is determined by the quality of the wood used, and the cost of materials used. In the latter case, the seller of a good violin must do a simple math. Since materials cost $6.40 per piano, the owner of a good violin must ask himself, “How much would I be willing to spend to purchase this instrument?” On a large scale, this is easily done.
The number of people willing to pay a reasonable price for an instrument is called the market demand. If the market demand for the particular instrument is zero, no price can be fixed. In the case where the market demand in an instrument is high, a price can be set. If the price is too high, then the owner might just wait for the market to supply the good at a lower price. This scenario only works if the prices in the instruments are competitive. If, however, the prices in the instruments are too high, then only a small number of people can afford it, unless the market is so powerful that the price can be lowered gradually. This is exactly what happens in a market-driven situation.
To explain why it is hard to find an accurate cost for any instrument from which the market demands are constant, let us take a hypothetical price for a violin that is priced at $500,000. If the market demanded 0.02% of this amount, the buyer might be willing to pay $1000 for a quality violin, and $400 for materials. When the market demand is 1%, the price might be $1500, yet the buyer might buy the same quality instrument and use $900 to purchase materials. This is the situation where one has to rely on the knowledge of the seller. If he knew exactly how much money they would make with this violin, he could make a good decision about what you could buy.
If the market has different prices on some instruments, the market cannot find an ideal price.
There is a common misconception that the market is always competitive. The market doesn’t always work that way. The reason price in a market is not uniform is that the market is often not a pure market, but an oligopoly or cluster. Each dealer in a given market sells in turn,
how to play violin notes, suzuki violin timeline, learn violin online india, myongaku, how to learn violin by yourself pdf