Hey guys if you're just here to troll please do not post because I actually need help solving this.

Okay, I have a prompt for a paper and it involves solving an economics problem.
I just need someone to help point me in the right direction to answering what they're asking.

The problem is: "The average price of a high-definition plasma or LCD television fell between 2001 and 2006, from more than $8,000 to about $1,500. During that period, Sharpe, Matsushita Electrical Industrial, and Samsung all began producing plasma or LCD televisions.

Explain in terms of supply and demand how the price of plasma or LCD televisions fell so sharply over this time period. (Hint: start with the original equilibrium price ($8,000) and then move to the new equilibrium price ($1,500))"

I'd appreciate help very much.