Question

. In the market for rewritable DVDs, explain whether the following events would cause an increase or a decrease in demand or an increase or decrease in the quantity demanded. Also, explain what happens to the equilibrium quantity and the market-clearing price.

1. There are increases in the process of storage racks and the boxes for rewritable DVDs.
2. There is a decrease in the price of computer drives that read the information contained o rewritable DVDs.
3. There is a dramatic increase in the price of flash memory drives that can be used to store digital data.