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Question 4 This Quiz: 9 pts possible 8:33 Consider the market for CD players, illustrated in the gure 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 gure). 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 $70, demand will increase to m thousand CD players per month. (Enter your response using an integer.) Of this increase. D thousand units of the 90 thousandunit increase is the pure price effect and El thousand units of the increase is the bandwagon effect. The bandwagon effect causes the demand for CD players to be more i than would othenlvise be the case (without network externalities). 0 20 4O 6O 80 100120 140160180 200 220 CD Players (thousands per month)