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Economics
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27 Nov 2019

In the market for rewritable DVDs, explain whether thefollowingevents would cause an increase or a decrease in demand oranincrease or decrease in the quantity demanded. Also explainwhathappens to the equilibrium quantity and the marketclearingprice.


  1. There is a dramatic increase in the price of flash memorydrivesthat can be used to store digital data.
  2. A booming economy increase the income of the typical buyerofrewritable DVDs.

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