As the average price of a 4K Ultra HD television fell below $1,000, the quantity bought increased.
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As the average price of a 4K Ultra HD television fell below $1,000, the quantity bought increased.
About 9 million were bought between 2012 and 2015, 10 million in 2016, and an anticipated 15 million in 2017. Increases in content from streaming services have also boosted 4K TV sales.
Sales of movie discs and 4K Ultra HD Blu-ray Disc players have increased.
a. Explain how the advance in TV technology will influence the markets for streaming services and Blu-ray discs and players in the short run and in the long run. Illustrate your explanation with a graph.
b. Explain how the markets for streaming services and Blu-ray discs and players will influence the market for 4K HD TVs.
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