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Jobisdone [24]
3 years ago
10

Suppose that video game discs are a normal good. If the incomeof video game players increase, you predict that in the market for

video games,
a) both equilibrium price and quantity will fall
b) equilibrium price will fall but quantity willincrease
c) equilibrium price will increase and quantity willdecrease
d) both equilibrium price and quantity will increase
Business
1 answer:
arlik [135]3 years ago
5 0

Answer:

Option (D) is correct.

Explanation:

It was given that video game is a normal good. We know that there is a positive relationship between the demand for a normal good and income of the consumer, hence, if there is an increase in the income level of the consumer then as a result the demand for a normal good increases which shifts the demand curve for normal good rightwards.

Therefore, this will lead to increase both equilibrium price and equilibrium quantity in the market for video games.

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Answer: C) Otto

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8 0
4 years ago
Which of these is the concept that a unit's sales will follow an approximate bell-shaped curve versus a steady sales life?
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8 0
3 years ago
a mortgagge loan in which the interest rate charged fluctuates with the level of current interest rates is called
solmaris [256]

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brainly.com/question/2496648

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8 0
2 years ago
You deposit $100 on a bank 10% interest rate account for one year. How much do you get in one year time?
katen-ka-za [31]

Answer:

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Explanation:

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8 0
3 years ago
Which of the following statements about the consumption component of GDP is not​ correct?
Assoli18 [71]

Answer:

D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.

Explanation:

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3 0
3 years ago
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