Both the real world and survivor were reality tv

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Unformatted text preview: , outplay, and outlast” each other for a prize of $1 million. Both The Real World and Survivor were reality TV shows. After Survivor, it wasn’t long before television became deluged with reality shows. In other words, the supply of reality shows increased. We will learn in this chapter that one of the factors that can increase supply is the number of sellers. In other words, the greater the number of sellers of a good, the larger the supply of that good. The number of sellers does not increase for no reason; something acts as a catalyst, pushing upward the number of sellers. That thing is profit, which is closely tied to supply schedule A numerical chart illustrating the law of supply. supply curve A graph that shows the amount of a good sellers are willing and able to sell at various prices. 114 Chapter 5 Supply Page 114 success. The immense popularity of CBS’s Survivor—as evidenced in its high television ratings—meant that CBS could sell commercial time on the show for huge sums of money, in the process earning high profits. “Of all seven shows th...
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This document was uploaded on 01/16/2014.

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