Decrease in Cable Demand. Consider a cable TV company that has a fixed cost of $48 million and a marginal cost of $5 per subscriber. The company is regulated with an average-cost pricing policy. a....

Decrease in Cable Demand. Consider a cable TV company that has a fixed cost of $48 million and a marginal cost of $5 per subscriber. The company is regulated with an average-cost pricing policy. a. The first two columns of the following table show three points on the initial demand curve. For example, at a price of $15 the quantity demanded is 6 million subscribers. For each $2 reduction in price, the number of subscribers increases by 1 million. Fill in the blanks in the following table. The regulated price is

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b. Suppose the demand for the product decreases, with the demand curve shifting to the left by 1 million subscribers. Fill in the blanks in the following table. The new regulated price is $
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