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Show what happens in the market for tv screens

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Reference no: EM13244527

Consider the markets for DVD movies, TV screens, and tickets atmovie theaters. For each pair, identify whether they arecomplements or substitutes: 1) DVDs and TV Screens - compliments;2) DVD and movie tickets, substitutes; 3) TV screens and movietickets, substitutes. Is this correct?

Suppose a technological advance reduces the cost of manufacturingTV screens. Draw a diagram to show what happens in the marketfor TV screens and draw two more diagrams to show how the change inthe market for TV screens affects the markets for DVDs and movietickets. What type of diagram are they looking for?

Reference no: EM13244527

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