00:01
So here we're talking demand.
00:02
Let's remember what a demand curve is.
00:05
It's a relationship between price and quantity that says how much people want to buy at every price.
00:11
So here, the a, the price of movies, movies, missing an eye, is going down.
00:22
So this here is what i would call a compliment, right? movies and dvd players go together.
00:29
You need a player to watch the movies.
00:31
So the goal is we want more movies because they're cheaper.
00:37
And because we want more movies, we need more players.
00:42
Right? we need more players.
00:45
So here, the demand is going to go up and to the right.
00:49
You know, the demand is going to increase.
00:54
For b, price of players, is going down.
01:03
This is only a movement along the curve, right? curb? you can think about here, we started off at this point, but as the price of players declines, they're getting cheaper, right? and so we're moving down the curb, right? not a shift...