The Internet has made learning to play a musical instrument easier than ever, with thousands of websites offering free music lessons. What happens in the market for musical instruments as a result of the availability of these free lessons?

Question

Arts

Adalyn

10 June, 01:53

The Internet has made learning to play a musical instrument easier than ever, with thousands of websites offering free music lessons. What happens in the market for musical instruments as a result of the availability of these free lessons?

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Answers (2)

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Erick Faulkner · Answer 1

The demand curve shifts out, pushing up the price

Explanation:

The competition on the market is strong so we can see that there are thousands of websites with the same product online, according to which the websites sell the goods at a high rate due to increased demand resulting in the change of the demand curve to the right.

In the given scenario the market offers high demand as a result of which the price rises.

Nehemiah Campos · Answer 2

The demand curve shifts out, pushing up the price

Explanation:

In this case, it is given that the internet has provided free access to learn the musical instrument in an easy and without free cost.

Due to the free lessons of the musical instruments, the demand of the music instruments lesson increases due to which the price also increases in the market that causes the demand curve shift to the right which pushes the price to go up.