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Explain how the curves and price would change if a new technology emerged, lowering the cost of the subscriptions? (2 points) Answer specifically as follows:
Explain how the curves and price would change if a new technology emerged, lowering the cost of the subscriptions? (2 points) Answer specifically as follows: The demand curve will ____________________ , (unchanged, movement along, shift right, shift left). Bold your selection. Explanation: The supply curve will _________________ (unchanged, movement along, shift right, shift left). Bold your selection. Explanation: Part B: Explain how the curves and price would change for subscription service providers if book sellers of hard copy books (substitute services to the subscription service providers) decreased the prices of all of their books by at least 20%? (2 points) Answer specifically as follows: The demand curve will ____________________ , (unchanged, movement along, shift right, shift left). Bold your selection. Explanation: The supply curve will _________________ (unchanged, movement along, shift right, shift left). Bold your selection. Explanation
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