Consider the market for CD players, illustrated in the figure to + the right. Suppose there are network externalities in this market 200- such that the quantity of a good demanded grows in response 180- to the growth of purchases by other individuals (as indicated by Dgo D 150 the demand curve "Demand" in the figure). Suppose that the 160- Demand price is initially $130 where the quantity demanded is 60 (thousand CD players per month). 140- If the price of CD players falls to $50, demand will increase to 120- thousand CD players per month. (Enter your response Price 100- using an integer.) 80 Of this increase, thousand units of the 120 thousand-unit 60- increase is the pure price effect and thousand units of the 40- increase is the bandwagon effect. 20 D60 120 180 The bandwagon effect causes the demand for CD players to be more than would otherwise be the case (without 0- 0 20 40 60 80 100 120 140 160 180 200 220 network e CD Players (thousands per month) inelastic elastic