Distinguish the demand curve for home videos and quantity demanded.

Question

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Answer 1

Question

Chapter 4, Problem 1DQ

To determine

Distinguish the demand curve for home videos and quantity demanded.

Expert Solution & Answer

Explanation of Solution

Rent of the videos depends upon its price in the market, if it is low, the consumer may prefer to consume more videos. If the rental cost is high, he would not prefer to consume.

The demand curve for video shows the relationship between its price and its quantity demand at different prices (keep other factors constant). Thus, the origin of demand curve is developed by plotting the demand for videos at different prices in a figure and draws a line through the plotted point and it gives the shape of the demand curve. The term quantity demanded depends on the product price, income of the consumer, and price of other product. If there is high price for a video, the quantity demanded for video would decrease, because at high price people are reluctant to consume more quantity. Thus, the shape of the demand curve of video is downward sloping. It shows the negative relationship between the price and quantity demanded.

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Answer 2

Question

Chapter 4, Problem 1DQ

To determine

Distinguish the demand curve for home videos and quantity demanded.

Expert Solution & Answer

Explanation of Solution

Rent of the videos depends upon its price in the market, if it is low, the consumer may prefer to consume more videos. If the rental cost is high, he would not prefer to consume.

The demand curve for video shows the relationship between its price and its quantity demand at different prices (keep other factors constant). Thus, the origin of demand curve is developed by plotting the demand for videos at different prices in a figure and draws a line through the plotted point and it gives the shape of the demand curve. The term quantity demanded depends on the product price, income of the consumer, and price of other product. If there is high price for a video, the quantity demanded for video would decrease, because at high price people are reluctant to consume more quantity. Thus, the shape of the demand curve of video is downward sloping. It shows the negative relationship between the price and quantity demanded.

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Answer 3

Question

Chapter 4, Problem 1DQ

To determine

Distinguish the demand curve for home videos and quantity demanded.

Expert Solution & Answer

Explanation of Solution

Rent of the videos depends upon its price in the market, if it is low, the consumer may prefer to consume more videos. If the rental cost is high, he would not prefer to consume.

The demand curve for video shows the relationship between its price and its quantity demand at different prices (keep other factors constant). Thus, the origin of demand curve is developed by plotting the demand for videos at different prices in a figure and draws a line through the plotted point and it gives the shape of the demand curve. The term quantity demanded depends on the product price, income of the consumer, and price of other product. If there is high price for a video, the quantity demanded for video would decrease, because at high price people are reluctant to consume more quantity. Thus, the shape of the demand curve of video is downward sloping. It shows the negative relationship between the price and quantity demanded.

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Answer 4

Question

Chapter 4, Problem 1DQ

To determine

Distinguish the demand curve for home videos and quantity demanded.

Expert Solution & Answer

Explanation of Solution

Rent of the videos depends upon its price in the market, if it is low, the consumer may prefer to consume more videos. If the rental cost is high, he would not prefer to consume.

The demand curve for video shows the relationship between its price and its quantity demand at different prices (keep other factors constant). Thus, the origin of demand curve is developed by plotting the demand for videos at different prices in a figure and draws a line through the plotted point and it gives the shape of the demand curve. The term quantity demanded depends on the product price, income of the consumer, and price of other product. If there is high price for a video, the quantity demanded for video would decrease, because at high price people are reluctant to consume more quantity. Thus, the shape of the demand curve of video is downward sloping. It shows the negative relationship between the price and quantity demanded.

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Answer 5

Chapter 4, Problem 1DQ

To determine

Distinguish the demand curve for home videos and quantity demanded.

Expert Solution & Answer

Explanation of Solution

Rent of the videos depends upon its price in the market, if it is low, the consumer may prefer to consume more videos. If the rental cost is high, he would not prefer to consume.

The demand curve for video shows the relationship between its price and its quantity demand at different prices (keep other factors constant). Thus, the origin of demand curve is developed by plotting the demand for videos at different prices in a figure and draws a line through the plotted point and it gives the shape of the demand curve. The term quantity demanded depends on the product price, income of the consumer, and price of other product. If there is high price for a video, the quantity demanded for video would decrease, because at high price people are reluctant to consume more quantity. Thus, the shape of the demand curve of video is downward sloping. It shows the negative relationship between the price and quantity demanded.

Answer 6

Chapter 4, Problem 1DQ

To determine

Distinguish the demand curve for home videos and quantity demanded.

Expert Solution & Answer

Explanation of Solution

Rent of the videos depends upon its price in the market, if it is low, the consumer may prefer to consume more videos. If the rental cost is high, he would not prefer to consume.

The demand curve for video shows the relationship between its price and its quantity demand at different prices (keep other factors constant). Thus, the origin of demand curve is developed by plotting the demand for videos at different prices in a figure and draws a line through the plotted point and it gives the shape of the demand curve. The term quantity demanded depends on the product price, income of the consumer, and price of other product. If there is high price for a video, the quantity demanded for video would decrease, because at high price people are reluctant to consume more quantity. Thus, the shape of the demand curve of video is downward sloping. It shows the negative relationship between the price and quantity demanded.

Answer 7

Chapter 4, Problem 1DQ

To determine

Distinguish the demand curve for home videos and quantity demanded.

Answer 8

Expert Solution & Answer

Explanation of Solution

Rent of the videos depends upon its price in the market, if it is low, the consumer may prefer to consume more videos. If the rental cost is high, he would not prefer to consume.

The demand curve for video shows the relationship between its price and its quantity demand at different prices (keep other factors constant). Thus, the origin of demand curve is developed by plotting the demand for videos at different prices in a figure and draws a line through the plotted point and it gives the shape of the demand curve. The term quantity demanded depends on the product price, income of the consumer, and price of other product. If there is high price for a video, the quantity demanded for video would decrease, because at high price people are reluctant to consume more quantity. Thus, the shape of the demand curve of video is downward sloping. It shows the negative relationship between the price and quantity demanded.