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Also, this mode of online streaming is much preferred over the illegal mods of accessing pirated versions of music because this is a legalized form of distribution. There are three main types of demands noted in the online streaming industry. The fans who prefer free audio show high relative elastic demand, the fans who are interested to pay a small amount of fees for streaming audio contents display a mild relative elastic demand in this industry and the fans who are interested to pay any amount for listening to their favourite audio contents account for the highly relative inelastic demand in the online streaming industry (Liebowitz, 2006). Not only the published contents but also electronic musical festivals which are difficult for every person to attend are seeing high popularity of online streaming, As the suppliers try to drive the prices of online streaming, this is also supported by the increasing demand of online streaming by different groups of fans. The market forces have shifted the demand curve towards a steeper trend because the changing landscapes of this industry and digital contents industry have made it favourable for online audio streaming (Krueger, 2005). Also, the increasing threat of content piracy to the considered industry has made the suppliers in this industry support the growth and popularity of online streaming of audio. The streaming of music festivals, rock concerts as well as live playing by musicians have seen an aggregate increase in demands over the recent years.
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According to the research in the today’s world, we cannot isolate technological advancement since it is the major driver of development in the world today. Advancement from all life spheres is without a doubt reliant to technological advancement. For this reason technological advancement should be embraced across the divide with an open mind.
Accordingly, the following analysis will present an argument for the way in which supply and demand is fundamentally shifted within the student beverage industry at the moment in time in which the risk of salmonella outbreak is noted. Whereas it may seem as counterintuitive that the risk of changes to supply and demand within something on the inelastic market may take place, it should not be understood that the food and beverage industry is inelastic.
Ceterus paribus is an omnibus assumption and holds all other factors which might influence consumer's demand as constant for the purpose of analysis. These factors may include income of the consumer, tastes of the consumer, impact of fashion and style, peculiar consumer characteristics like miserliness, scarcity of good and other choice patterns in consumer behaviour.Under these assumptions the price and quantity demanded are shown as inversely related and the graphical representation of consumer data in this scenario results in a downward sloping demand curve.
Through endless court battles against pirate music download sites and initiators of international music piracy such as the victory against Napster in 2000 and against Kazaa (http://www.kazaa.com) ending in 2005, originally a Swedish company and bought over in 2002 by an Australian company entitled Sharman Networks (http://www.sharmannetworks.com).
Next, it will tackle the trends in the industry along with the current technologies affecting it. It will then present the changes within the industry ushered by technological advancements and analyze the economic implications of these changes. It will conclude with a summary of its findings and recommendations.
Online music is the latest trend and is giving a stiff competition to the traditional and conventional multi media systems like audio cassettes, video cassettes, audio and video CD's. The hardware and software required for the GII has o be developed, produced, installed, operated and maintained.
The problem with teenage consumers is that they have limited possibilities to use credit cards to make purchases, so companies have to improve billing methods to facilitate payments and stimulate sales.