Discuss the relevant economic approaches/theories that explain the issues raised in the article. You must demonstrate your understanding of the relevant microeconomic theories, e. g. demand theory, supply theory, market structures, elasticity theory, etc (15 Marks). ecoder now R999 with installation and the Explora PVR and Explora Ultra PVR's price rising to R1,999 and R2,999, respectively. Pricing for the Explora PVR and Explora Ultra PVR decoders does not include installation. These represent increases of R100 for the lower - specced decoder and R300 for the higher - tier decoders. Asked about the new prices, MultiChoice confirmed that they took effect on 1 February 2024. The decoder price changes are summarised in the table below. DStv decoder price changes Hardware Standalone/installed Old RRP New RRP HD Decoder Standalone R699 R799 HD Decoder Installed R899 R999 Explora PVR Standalone R1, 699 R1,999 Explora Ultra PVR Standalone R2, 699 R2, 999 MultiChoice announced price increases across its pay-TV portfolio on 19 February 2024. The changes will kick in on 1 April. Prices will increase between 3.1% and 7.8%, with the DStv Access getting the largest relative increase. However, MultiChoice South Africa CEO Marc Jury said the package will get a sports boost. "We have renewed La Liga, and we are in the process of finalising a long-term extension with them," he said. Jury said this would expand DStv Access' sports offerings to include ESPN, La Liga, SuperSport Variety 4, and SuperSport Blitz. The DStv Compact Plus will also see a significant relative increase of 6.9%. Jury said these subscribers will soon get a revamped set of channels and access to popular original content from Showma. The CEO also said DStv would focus on its price - guaranteed contract packages, which lets customers who know they will be subscribed for the next two years take up 24- month contracts. The benefit of this is that their subscription fees will not be adjusted for the contract's duration. While subscribers can upgrade their contracts at any point during the two years, they can't downgrade without cancelling and paying the associated fees. MultiChoice price guarantee offers are as follows: DStv Premium - R879 / 24 months DStv Compact - R399 / 24 months DStv Access - R109/24 months