Suppose the cable tv industry is currently unregulated., Ask an Expert

Economics

Suppose the cable TV industry is currently unregulated. However, due to complaints from consumers that the price of cable TV is too high, the legislature is considering placing a price ceiling on cable TV below the current equilibrium price. If the government does make this price ceiling law, diagram and describe the effects with supply and demand analysis. If the cable TV company is worried about disgruntling customers, suppose that the company may introduce a different type of programming that is cheaper for the company to provide yet is equally appealing to customers. describe what would be the effects of this action.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M965248

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