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?
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. ...
The Internet and computers are exemplified briefly.