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
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
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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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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