What effect should each of the following have upon the demand for portable music players in a competitive market? Explain…
What effect should each of the following have upon the demand for portable music players in a competitive market? Explain your reasoning in each case.
(a) the development of improved, low-priced devices that compete with music players
(b) an increase in population and incomes
(c) a substantial increase in the number and quality of music for players
(d) consumer expectations of substantial price increases in music players
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