Question: 1) Demand and Supply Model a) Consider the streaming service industry, and the various competitors (platforms) within it. These platforms allow consumers to stream movies

1) Demand and Supply Model a) Consider the streaming service industry, and the various competitors (platforms) within it. These platforms allow consumers to stream movies and television series to their desired devices (i.e. TVs, tablets, PC etc). A new streaming platform "Cyber Cinema" has done some research to create a demand schedule showing how many monthly subscriptions (the quantity demanded) the market (they and their competitors) can sell, at various price points. Streaming Service Demand Schedule Scenario Monthly Price per Subscription (in dollars) Subscriptions (in millions) A $12.00 120 million B $14.00 80 million C $16.00 60 million D $18.00 50 million E $20.00 45 million Plot the various scenarios (points) on a graph. Clearly label the axis Draw a GREEN line through the points to illustrate the trend in the deman

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