What happens in the market for video games if the demand for video games increases by more than the supply of video games decreases? The equilibrium price will ________ and the equilibrium quantity will ________. A. rise; increase B. fall; increase C. not change; increase D. rise; decrease

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
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What happens in the market for video games if the demand for video games increases by more than the supply of video games decreases?
 
The equilibrium price will ________ and the equilibrium quantity will ________.
 
 
A.
rise; increase
 
B.
fall; increase
 
C.
not change; increase
 
D.
rise; decrease
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