Consider the market for CD players, illustrated in the figure to the right. Suppose there are network externalities in this market such that the quantity of a good demanded grows in response to the...

Extracted text: Consider the market for CD players, illustrated in the figure to the right. Suppose there are network externalities in this market such that the quantity of a good demanded grows in response to the growth of purchases by other individuals (as indicated by the demand curve "Demand" in the figure). Suppose that the price is initially $130 where the quantity demanded is 60 (thousand CD players per month). 200- Do 180- 160- Demand 140- If the price of CD players falls to $90, demand will increase to thousand CD 120- players per month. (Enter your response using an integer.) 100- 80- 60- 40- Do P120 20- 0+ 20 40 60 80 100 120 140 160 180 200 220 CD Players (thousands per month) Price