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1.IDENTIFY whether each of the following trends causes a change in demand or a change in quantity demanded for cable TV. In each case, explain
1.IDENTIFY whether each of the following trends causes a change in demand or a change in quantity demanded for cable TV. In each case, explain your answer. (8 marks)
a.The monthly rate paid by cable TV subscribers falls
b.The price of satellite TV increases
c.Because of growing Internet use, people are choosing to watch less TV.
d.Cable Tv providers choose to make more channels available to their subscribers.
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