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Draw a hypothetical demand and supply curve for cyber cafes - coffee houses with computers hooked up to the internet with access to daily newspapers
Draw a hypothetical demand and supply curve for cyber cafes - coffee houses with computers hooked up to the internet with access to daily newspapers (among other things) at each table. Show how demand or supply is affected by the following : A technological breakthrough lowers the cost of computers Consumers income rises * A per-hour fee is charged to coffee houses to use the internet * The price of newspapers in print rises * Possible suppliers expect cyber cafes to become more popular
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