Question: Need in 10 mints Changes in Demand and Supply and its effect on Equilibrium Price and Demand 1. The number of OTT content platforms like

Need in 10 mints

Changes in Demand and Supply and its effect on Equilibrium Price and Demand 1. The number of OTT content platforms like NETFLIX is increasing in the market. (i) Which factor will be directly impacted (demand or supply)? Explain the logic. (5 marks) (ii) What would be its impact on the equilibrium price and quantity of the OTT content? Explain your answer logically and graphically. Clearly identify old and new demand/supply curves. (5+5 marks) 2. Due to the digital revolution, more people are subscribing to online newspapers. (i) Which factor will be directly impacted (demand or supply) in the case of print newspapers? Explain the logic. (5 marks) (ii) What would be its impact on the equilibrium price and quantity of the print newspapers? Explain your answer logically and graphically. Clearly indicate old and new demand/supply curves. (5+5 marks)

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