in the 1980s and 1990s, movie - rental stores offered videotape and dvd rentals to consumers. by the early…

in the 1980s and 1990s, movie - rental stores offered videotape and dvd rentals to consumers. by the early 2000s, companies were offering movie downloads from the internet. the demand for videotapes and dvds dropped. what does this scenario best illustrate? the effect of limited supply on demand the effect of seasonal demand on goods the effect of consumer interests on demand the effect of outdated technology on demand

in the 1980s and 1990s, movie - rental stores offered videotape and dvd rentals to consumers. by the early 2000s, companies were offering movie downloads from the internet. the demand for videotapes and dvds dropped. what does this scenario best illustrate? the effect of limited supply on demand the effect of seasonal demand on goods the effect of consumer interests on demand the effect of outdated technology on demand

Answer

Brief Explanations:

The shift from videotape and DVD rentals to movie downloads from the internet shows that as technology advanced, the older - technology products (videotapes and DVDs) became less in demand. This is an example of how outdated technology affects demand.

Answer:

the effect of outdated technology on demand