Question

. Inthe market forrewritable DVDs, explain whether the followingevents would cause anincrease or a decrease in demand or anincrease or decrease in thequantity demanded. Also explainwhat happens to the equilibriumquantity and the market clearingprice.

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