decrease in the price of access
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The steady increase in the demand for home computers has resulted in a massive increase in the demand for web access, yet, the price of access has been steadily declining. Using the model of supply and demand, can you provide a possible explanation for the decrease in the price of access?
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Solution Summary
The Internet and computers are exemplified briefly.
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The internet and computers are classic examples of complementary goods. As the demand for one increases, the price of the other decreases and vice-versa. ...
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