#8

Please number the graph.

also, let me comment back on the post cause i have part B for this question

Consider the market for CD players, illustrated in the figure to the right. Suppose there are network externalities in this market such that the quantity of a good demanded grows in response to the growth of purchases by other individuals (as indicated by the demand curve "Demand" in the figure). Suppose that the price is initially $130 where the quantity demanded is 60 (thousand CD players per month). If the price of CD players falls to $110, demand will increase to players per month. (Enter your response using an integer.) thousand CD 200- 180- D90 150 160- Demand 140- 120- Price 100- 80- 60- 40- 20- D60 D120 D180 0- 20 . 40 60 80 100 120 140 160 180 200 220 CD Players (thousands per month) 14 SF