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
DIA [1.3K]
3 years ago
13

A company released a new video game system just in time for Christmas and many stores quickly sold out. Although the price of th

e system was only $350, they sold for over $2,000 on an online auction site. Which of the following economic principles best explains this event?
People respond to incentives because of self-interest.

The value of some objects increases relative to other objects.

The price of all goods will rise over time.

Competition among consumers increases prices.
History
2 answers:
Aloiza [94]3 years ago
7 0
The answer would be 'competition among consumers increases prices' because if there was a limited amount, if someone really wants that game, they'd pay more than usual when supplies sold out. 
masha68 [24]3 years ago
4 0

Answer:

I think that the answer is Competition among consumers increases prices.

Explanation:

You might be interested in
Are you interested in advancing your job skills through training and education? what is that mean
Ksju [112]

you mean what does that mean it means that if you want to make your job skills advanced then start training

also i need a brainliest

3 0
3 years ago
In a market economy who is the most important decision-marker?
ollegr [7]

Answer: B. Business owners

Explanation:

6 0
3 years ago
Can you help me here pls?
abruzzese [7]
Hello! I’m pretty sure #1 is A, but I’m honestly not sure about the rest. I hope I could at least be some help, good luck!
7 0
3 years ago
What was the first bill passed by oklahoma 1907
kvasek [131]

Answer:

Senate Bill One

Explanation

8 0
2 years ago
For what reasons did Britain and France appease Hitler over Czechoslovakia?
Nana76 [90]
The British army wasn’t strong enough to challenge German military which had grown tremendously over Hitler’s time; British leaders believed that hitler provided defense against soviet communism.
4 0
3 years ago
Other questions:
  • How were props used in the Renaissance period different from those used in the early Greek and Roman times? Greek and Roman prop
    12·2 answers
  • A ______ encourages audience participation through imitation of a lead singer.
    7·2 answers
  • What is history and why do we study it
    11·2 answers
  • What caused the Jews to rebel against Syrian rule?
    12·1 answer
  • How did the fall of the soviet union affect Russia? No, there are no answer choices, it is an essay question. 15 points, 23 poin
    6·1 answer
  • Who invented the mechanical loom which was powered by a horse or a water wheel????
    5·2 answers
  • Examine these two paintings that depict famous events from American history. The image on the left, painted in 1940, shows the s
    6·2 answers
  • Do you think that the U.S. considers their own
    13·1 answer
  • Why are the two houses of Congress a compromise? How did this address the concerns of both groups?
    15·1 answer
  • How did the kansas-nebraska act lead to increasing tensions and violence over the issue of slavery?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!