Question
Read this article: Bob Marley's 1984 greatest hits album Legend is set to make its first appearance in the top 10 of the Billboard 200
Read this article: Bob Marley's 1984 greatest hits albumLegendis set to make its first appearance in the top 10 of the Billboard 200 chart next week. According toBillboard, the album has been selling steadily for years, but thanks to a Google Play Store discount that is offering the album for 99-cents, it's predicted to sell between 20,000 and 24,000 copies this week. In today'sdire music economy, that's more than enough to land a top 10 spot. It would only be Marley's second time in the top 10 his 1976 albumRastaman Vibrationpeaked at No. 8. The final charts will be revealed on Wednesday.
Can you draw a chart showing the initial supply/demand curve (D0, S0) then draw another line showing the new supply and demand curve (D1, S1) with the new information using arrows to show direction?
Can you also answer What changed? What happens to demand? What happens to supply? What shifts are there? and what is the equilibrium before and now
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