1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aloiza [94]
4 years ago
5

Think about the demand for three game​ consoles: XBox​ One, PlayStation​ 4, and Wii U. What is the effect of the following event

s on the demand for Xbox One games and the quantity of Xbox One games​ demanded, other things remaining the​ same? The events are A. The prices of a PS 4 and a Wii Upper U fall The prices of a PS4 and a Wii U fall. B. Consumers' incomes increase Consumers' incomes increase. C. The number of people writing and producing XBox One games increases D. The number of people writing and producing XBox One games increases.
Business
2 answers:
Maurinko [17]4 years ago
8 0

Answer:

A. The prices of a PS 4 and a Wii U fall. <u>DEMAND FOR XBOX ONE GAMES DECREASES</u>, since PS 4 and Wii U are substitute products for XBOX, as their price falls, the demand for XBOX ONE games decreases.

B. Consumers' incomes increase. <u>DEMAND FOR XBOX ONE GAMES INCREASES</u>, as the consumers' income increases, the total demand for XBOX ONE games increases.

C. The number of people writing and producing XBox One games increases. <u>QUANTITY DEMANDED FOR XBOX ONE GAMES INCREASES</u>, since more XBOX ONE games are being supplied, the price should decrease, resulting in an increase in the quantity demanded.

Alecsey [184]4 years ago
7 0

Answer:

The demand for Xbox One games falls

The demand for Xbox One games increases

The quantity demanded on Xbox One increases

Explanation:

Xbox one , PlayStation​ 4, and Wii U can be referred to as substitute goods.

Substitute goods are goods which can be used or consumed in place of one other. If the price of PlayStation​ 4, and Wii U falls, consumers would increase the quantity demanded of this games and reduce demand for Xbox one because Xbox One is now more expensive relative to the other games.

If consumers income increase, they would have a higher disposable income and so demand would increase.

If the number of people writing and producing XBox One games increases, supply of Xbox one games would exceed demand. This would lead to a fall in price and an increase in the quantity demanded.

I hope my answer helps you

You might be interested in
The ratio of shareholders funds to total assets of the company is called?​
mario62 [17]

Answer:

share holder equity

Explanation:

it indicates how much of company's assets have been generated

3 0
3 years ago
On October 1, 2018, Hill Company borrows $20,000 from a local bank. The note has an interest rate of 6% and is due in one year.
Alex Ar [27]

Answer:

Amount of interest = $ 300

Explanation:

Given:

Total number of month = 3 months (Oct, Nov and Dec)

Amount borrow = $20,000

Interest rate = 6%

Find:

Amount of interest

Computation:

Amount of interest = $20,000 x 6% x 3 months / 12 months

Amount of interest = $ 300

8 0
3 years ago
During a job interview, Pam Thompson is offered a salary of $32,000. The company gives annual raises of 4 percent. What would be
attashe74 [19]

Answer:

$38,933

Explanation:

A=P( 1 + r/100)^n

A= amount

r= rate(4%)

n=period (5)

A=32,000 ( 1 + 4/100)⁵

A=32,000 (1.04)⁵

A=38,932.89

A=$38,933( nearest whole number)

6 0
3 years ago
The interest rate does not affect the intertemporal budget constraint.<br> a. True<br> b. False
Kruka [31]

Answer:

False

Explanation:

The correct answer is false because the interest rate does affect the intertemporal budget constraint.

A higher interest rate, will cause the budget line to pivot upwards while a lower rate will make the budget line to pivot downward.

The intertemporal budget constraint can used to show a decision on how to save. It refers to the constraint which an individual encounters when making choices for the present and for the future. It reflects a consumer's decision on the amount to consume in the present and the amount to save in the future.

6 0
4 years ago
For this lab, you will create and fill out a personal budget representing your monthly “costs” as a student. To start, check out
nevsk [136]

Answer:

t6g6fgg gy

Explanation:

8 0
3 years ago
Other questions:
  • In one day, Sue can change the oil on 20 cars or change the tires on 20 cars. In one day, Fred can change the oil on 20 cars or
    7·1 answer
  • The engineering team at Manuel's Manufacturing, Inc., is planning to purchase an enterprise resource planning (ERP) system. The
    6·1 answer
  • As you approach potential investors for you new business, it's important to present them with
    13·1 answer
  • Alberto is working with a group of fifteen people to coordinate the merger of two corporations. Everyone in the group is highly
    6·1 answer
  • The third and fourth principles of ______________suggest that organizations should give workers the training and incentives to d
    7·1 answer
  • Suppose your boss tells the people you work with, "If any worker shows up at my house on Saturday and helps me clean my pool for
    15·1 answer
  • An account balance is: the total of the credit side of the account. the total of the debit side of the account. the difference b
    11·1 answer
  • Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are
    6·1 answer
  • The security market line is a positively sloped straight line that displays the relationship between expected return and _______
    8·1 answer
  • what is the estimate of walmart's long term growth assuming the constant growth period started in 2014 when the dividend per sha
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!