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Economics_Ch05

# When people wonder where all the reality tv shows are

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Unformatted text preview: ,700 and was earning its company, Fox, \$260 million in profit (for the year). When people wonder where all the reality TV shows are coming from, they are really asking, “What caused the increase in the supply of reality shows?” The answer is that supply increases as the number of sellers (of a good or service) increases. So, what increases the number of sellers of a good or service? The answer is the chance to earn big profits. In short, money. THINK ABOUT IT One lesson to be learned from the history of reality shows appearing on television is that success is copied. Survivor was successful and so it was copied. What other successful products can you think of that have been copied? plied from the supply schedule, with a price of \$1 and a quantity supplied of 10. Point B represents a price of \$2 and a quantity supplied of 20; Point C, a price of \$3 and a quantity supplied of 30; and Point D, a price of \$4 and a quantity supplied of 40. Connecting points A through D creates a 5/8/06 4:51 PM Page 115 supply curve, a line that slopes upward (from left to right) and shows...
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