An increase in the demand for online streaming music indicates that more is:

A. Demanded because sellers are selling more online streaming music.

B. Purchased even if the prices of online music stays the same.

C. Demanded because online streaming music prices decreased.

D. Purchased because sellers are putting online streaming music on sale.

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Alice SejakeLv10

22 Sep 2020

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26. Music compact discs are normal goods. What will happen to the equilibrium price and quantity of music compact discs if musicians receive higher royaltics, compact disc players become more expensive, fewer firms produce music compact discs, and music lovers experience a decrease in income? a. price will fall and the effect on quantity is ambiguous b. price will rise and the effect on quantity is ambiguous c. quantity will fall and the effect on price is ambiguous d. quantity will rise and the effect on price is ambiguous

(((((( Please Answer the following ))))))

Instructions: Breify select an answer from the following questions & explain why you chose the answer you selected IN 75-80 WORDS ONLY. Please note that no answer is wrong. Select the BEST answer choice in your opinion.

QUESTION 1. Netflix has been disruptive to more than one market. Select the market in which you think it has been least disruptive. Do outside research and justify your choice.

a. Video Rental business

b. Home internet service

c. Broadcast and cable TV service

d. Original video series production

QUESTION 2. Compared to Netflix, Blockbuster had very little data on their customers, or

understanding of their preferences or behaviors. Which Netflix advantage had the most impact on Blockbusterâs business model becoming disrupted? Why?

a. Netflix knew if the movie a customer rented was their first choice

b. Netflixâs recommendation engine based on rental history, likes, and dislikes

c. Netflixâs subscription model of never a late fee

QUESTION 3. With the rise of the Video on Demand market, which threat is likely to have the least impact on Netflixâs streaming service business? Why?

a. Threat of a competitor entering the market, which may also use the same Cloud-based services

that Netflix uses.

b. Disintermediation of Netflix by the studios

c. Loss of Net Neutrality protection regarding delivery of streaming content

d. Unable to use the First Sale doctrine for physical DVDs, when streaming video

Please respond to my post and let me know what you think.

Q: Assume that you recently made a purchase on Amazon.com. The next time you go to purchase this item, letâs say you find out that the price has increased by X dollars. How would you respond to this price increase? Would you say this item is Relatively Elastic, Relatively Inelastic, or Unitary Elastic? Explain using the Determinants of thePrice Elasticity of Demand (see page 83). Think about how the increasing popularity of shopping online impacts your response.

A: I recently purchased supplies for my job, and I only purchased these items because of the prices that were offered and speed of delivery. The items I purchased are elastic and can be substituted, were complementary toward the first good purchased. I would almost guarantee that 90% of Amazon items are elastic. Only because people purchase from Amazon due to price shopping, whether it is savings on shipping, savings on speed of delivery, saving on gas to purchase online, savings on time spent shopping and more. We would want to think people online are comparing prices to other online retailers and if the same item is sold at a different online retailer they would make a wise choice to purchase that item there. I believe online shopping has became a shopping choice due to easier shopping, and comparing prices to get the best deal. So, if I shop online and its so easy to compare prices, and I noticed the price increased I would look into a substitution. Most items are in multiple brands, colors, etc. that would help customers have more choices. More choice the more elastic. Items such as gas, water or medicine are more inelastic. These necessities are important to the consumer that if the price went up, we will still consume it. I do agree that income does make a difference, because someone who wants to spend high dollar on an item they can get cheaper or substitute makes that item less elastic. So there are multiple determinants that can effect the elasticity.

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