Consider the market for dvd movie rentals, which is perfectly competitive. the market supply curve slopes upward, the market demand curve sloped downward, and the equilibrium rental price equals $3.50. consider each of the following events, and discuss the effects they will have on the market clearing price and the demand curve faced by the individual rental store. a. people’s tastes change in favor of going to see more movies at cinemas with their friends and family members. b. national dvd-rental chains open a number of new stores in this market. c. there is a significant increase in the price of downloading movies on the internet.

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.