1. If the position of the demand curve for digital rock music albums unchanged, what can account for a continuing rise in the market clearing price?
2. If your answer to Question 1 explains why album prices have been rising what can you predict is likely to happen to revenues from albums in the near future?
3. How could the receipt of new information about health implications of foods, tobacco and alcohol affect a customer optimum?
4. Other things being equal, would a customer optimum change if the prices of all items consumed rise at an identical rate? Describe.
5. Why do you suppose that a brand-new firm rarely begins as publicity held corporation?
6. How might tougher regulations and higher tax rates dissuade establishment of new business proprietorships and partnerships?