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    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 Preview

    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. ...

    Solution Summary

    The Internet and computers are exemplified briefly.