"True to supply-and-demand economics, the price of music downloads will be geared to the artist's popularity. Releases from new artists would receive the lower pricing, while tracks from popular acts would get slapped with the higher rate. Even classics, such as Bruce Springsteen's "Born in the USA," could retail for the higher price. Most of the 10 million songs in the iTunes catalog are expected to remain at 99 cents."
My take on it:
Similar to the economics & its supply & demand, the price for music will depend on how popular the artist is. Songs from lesser-known artists get cheaper prices, and songs from the more trendy artists are more expensive. Although there is an increase in prices on songs depending on the artists' popularity, a great deal of the 10 million songs in iTunes are believed to stay at $.99.
Sams, Brad. "iTunes: $1.29 for a popular song on April 7th." neowin.net. Ignition, 26 Mar 2009. Web. 14 Nov 2010. <http://www.neowin.net/news/main/09/03/26/itunes-129-for-a-popular-song-on-april-7th>.
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