Comic Book Industry
Comic Book Industry
Since the early 20th century, hundreds of comic books have been published, some containing collections of noted comic strips, others consisting of new material. Some deal with contemporary American life; some are condensations of literary classics; still others are adventure stories. They appear periodically or as special issues.
Demand
Demand for comics have kept steady, even with inflation. Generally, the demand increases whenever a new series starts, or a writer or artist comes on board and radically changes the comic. Comic books do have elasticity of demand. Comics have many substitutes. Any form of entertainment can be applied as a substitute, from television to magazines. On percentage of budget, people who buy at stores will stop buying for a few issues if the price increases. Subscribers, however, are different people. They are the ones who will pay any price for their comics. Over time, readers will adjust to an increase in prices.
Supply
The supply of comics is elastic. At higher prices, more comics are produced. Likewise, at lower prices, fewer comics are produced. However, at higher prices, it usually means the comic is of better quality and material. On
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