[run4yourlives]

Simple response:

The value of a product is set by the consumer, not by the producer. (This is true for over-inflated values as well, so don't bitch.)

If the value set is too low for the producer, he either has an inflated sense of worth, or isn't doing a good enough job of educating the consumer, or both.

[mfukar]

And here I was thinking that it was both demand and supply. Damn you, Adam Smith!

[run4yourlives]

250 years ago, the notion of infinite supply didn't exist.

In a vast majority of cases, infinite supply is exactly the world that many producers live in these days, especially on the internet.