Managerial Economics and Organizational Architecture for DVD's
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What do you think will happen to the price and quantity of DVD players if
a. The availability of good movies to play on DVD players increases?
b. Personal income increases?
c. The price of inputs used to produce DVD players decreases?
d. Ticket prices at local movie theaters decline substantially>
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a) If there are more quality dvd movies on the market place, then there would be more people who would be interested in purchasing dvd players to watch them. Thus, an increased demand would tighten supply and would increase ...
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