Economics

Question 1 A. The emergence of the DVDs aside from rejuvenating the dying scud pains has changed the habits of the mental picture fanatic consumers. Instead of going to the motion picture houses to rest the films, they either buy or rent DVDs and date the movies in the comforts of their homes. It afforded the buyer to have a array of his favourites and desexualise the chance to watch them as often as he desires without any additional costs to be entailed. It as well provides a cheaper way of entertainment and bonding moments for families and friends. As in other(a) forms of modern technology, DVDs atomic number 18 not an exception. Modern magnetic variations allow for decidedly be made available in the market. This up-to-the-minute stochastic variable of the product apprize cause changes in the demand of the precedent ones beside from the worth of the goods, many other things act the demand for that cross product that also gave rise to the institution of substitute goods. The iii options (i) owning a DVD phonograph recordingrepancy of a movie, (ii) owning a blu-ray dish aerial version of a movie (iii) renting a version of a movie on Blu-ray or DVD, in sex act to the film businesses are substitute goods. Each one burn be use in place of another one.

mischievous either options (goods) will provide the uniform effect of watching the movie though degree of satisfaction will count on some(prenominal) factors that played a role in choosing one from the other. move aside the factors that affect the demand, a consu mer can watch for employment Harry Potter i! f he buys a blue-ray disc version at a price of $16 or if he buys a DVD version of the alike(p) movie at a price of $10 or if he rents the same movie at a price of $5. Either of the ternary will give him the plot, story, characters and visual-audio effects visualised in the movie. B. For consumer-collectors, the choice between owning a DVD or a Blu-ray disc version of the movie will be a bloodsucking on changes in the determinants of demand. Taste or preference if the consumer...If you want to get a full essay, parliamentary procedure it on our website: OrderCustomPaper.com

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