The iconic blue-and-white Chinese porcelain sold to people all over the world (particularly between the fourteenth and the sixte
enth centuries) was so successful, entrepreneurs in Persia, Netherlands, Syria, Iberia, Mexico, and many other areas attempted to copy it. The actual process for creating such high-quality ceramics was kept secret, but in 1708 a German alchemist finally found a way to replicate the ancient art. What do you expect happened to the price of porcelain after 1708, and why
It should have risen because of the greater difficulty in keeping the method a secret. It should have fallen because of the increased competition. It should not have changed at all because demand and supply will react accordingly.Explanation:
