Technological advances that minimize the cost of producing computer chips stand for a decrease in an input price for developing a computer. The an outcome is a change to the appropriate in the it is provided of computers. The equilibrium price falls and also the equilibrium amount rises. Since computer software is a complement to computers, the lower equilibrium price of computers increases the demand for soffware. The an outcome is a increase in both the equilibrium price and also quantity the software. Since typewriters room substitutes for computers, the reduced equilibrium price of computer systems reduces the demand for typewriters. The result is a decrease in both the equilibrium price and quantity the typewriters.




You are watching: Consider the market for film streaming services, tv sets, and movie tickets.

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Video Transcript

we're question for the asking us to define the relationship between these two solutions for the very first one is film streaming services like, because that example, Netflix or HBO online, and the following one is on TV screens, and also the 3rd one is a ticket to a movie there. For this reason we know that in stimulate to clock these choose it right here on that weeks, we have to use the TV suite off. Sorry. Um, therefore these 2 things room compliments and also apparently field screaming things prefer neth breaks and also a movie theater are substitutes. Since if you already watched it on Netflix, you desire pain. No money to walk to the theater, right? unless you really choose the movie. Therefore we understand that sees their substitutes your compliments. So TV and movie tickets are additionally substitute since with the TV display screen you have the right to watch extremis Room is so girlfriend don't have to go come a movie. Here always will be supposed modern technology could advance. We use is the cost of plenty of pressure and also TV crow diagram to show what happens in the sector for TV screens. So the is basic to see hurt due to the fact that now it's easier since his last i have lot of money to develop TV screens, right so the indigenous can produce more. Oh, sorry. So this is the man. This is supply. Therefore we understand that the supply goes up ships to the right supply since they perform not have to spend so lot time. There's so lot money do this one TV, lock can produce more. Therefore this is walk to do the price of television goes down and the amount goes up. Really? how so? Draw one more two diagrams to present how the adjust in the market for TV display is affect the industry off for film straining and one main movie tickets. So i will draw the industry for film streaming organization here. So because now we know that the price of TV's grades go down, go goes down, right? So the is cheaper to gain a TV. Therefore when human being get TV, what to be they to? They will certainly substrate for networks since they desire to watch TV shows, right or movies at home. For this reason the need for unlike screaming go up, streaming goes up. For this reason the price ofthe net Blakes like membership walk up and a quantity likewise goes up. But what around for a movie theater so a movie tickets. So we have the right to see that in this case, the need for a movie tickets walk down. Why is that? since now it's cheaper to obtain a TV soap bureau. Just watch movie at home. They won't walk to a movie theater. So the mankind of ships tell. So the price of waiting Well, the movie ticket will certainly go under in the amount decreases together well. Um, all right, that's it.