Question

The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system market is currently at Demand and Supply 1, which change to the graph would have to occur to decrease equilibrium price while raising equilibrium quantity?
Add Demand 1 to left of Demand.
Add Demand 1 to right of Demand.
Add Supply 2 to left of Supply 1.
Add Supply 2 to right of Supply 1.

Answer 1

Answer:

B.Add Demand 1 to right of Demand.

Explanation:

This is because we want to increase quantity while decreasing price, so we would want to add anouther demand line to the left of the origanal to make it so that we decrease price but increase quantity.