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Title: Cheap broadband's a winner Inexpensive broadband access has created a new generation of ... Post by: ssani on Jan 29, 2017 Cheap broadband's a winner
Inexpensive broadband access has created a new generation of television producers and the Internet is their native medium. Source: The New York Times, December 2, 2007 The graph shows the PPF for video entertainment and other goods and services before broadband. Draw the PPF for video entertainment and other goods and services after the arrival of inexpensive broadband. Label it. Title: Re: Cheap broadband's a winner Inexpensive broadband access has created a new generation of ... Post by: bio_man on Jan 31, 2017 After the arrival of inexpensive broadband, the demand for internet and thus televisions (video entertainment) will increase. As a result, producers will focus more on producing video entertainment goods than other goods and services.
As a result, the PPF will shift out to the right from the x-axis side (video entertainment side) while keeping the 'other goods and services' side unchanged. This happens because of the inexpensive way of producing video entertainment thereby increasing its production. |