Over the last three years, as the result of decreasing prices for digital cameras, the price of developing traditional 35mm film has increased 5% annually. How would I go about graphing this impact on the market for 35mm cameras?© BrainMass Inc. brainmass.com October 10, 2019, 5:01 am ad1c9bdddf
To solve this problem, first draw a market diagram for 35mm cameras, with an upward-sloping supply curve and a downward-sloping demand curve.
This solution explains the theory behind the impact of an increase in film developing costs on the market for 35mm cameras, and tells you exactly how to show the effect on a supply-demand graph.
THIS SOLUTION DOES NOT INCLUDE A GRAPH. IT INSTRUCTS YOU HOW TO DRAW YOUR OWN GRAPH.