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
Who was Galileo Galilei & what did he do to become famous ?
Nonamiya [84]

Answer:

painting

Explanation:

common sense

6 0
3 years ago
Read 2 more answers
Which of the following was NOT a common character in Native American myths
Blizzard [7]
La mento y astalesmethaleto

4 0
3 years ago
The Persians wanted revenge against the Greeks. Describe an
lions [1.4K]

Answer:

Well we were down 8-0 in baseball the other day, so they thought they were gonna win. Well, I hit 2 home runs, (grand slam and 3 run), and then we scored some others. We won 10-8.

Explanation:

3 0
3 years ago
What was the impact of the GI Bill of Rights on American society, including minorities?
zhenek [66]
A major <span>impact of the GI Bill of Rights on American society, including minorities, was that it raised the level of education workers in the workforce, which helped the economy--since the GI Bill allowed returning veterans to go to college for free. </span>
8 0
3 years ago
How did the french and indian war change the relationship between britain and the 13 colonies?
anygoal [31]
The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763. The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war's expenses led to colonial discontent, and ultimately to the American Revolution.
4 0
3 years ago
Other questions:
  • What were some of hoover’s key convictions about government?
    8·1 answer
  • How were the Americans drawn into world war 2
    9·1 answer
  • How did Alexander gain control of all of Greece??????
    11·2 answers
  • What was the purpose of the Berlin Wall?
    11·1 answer
  • How did the united states try to slow japans advances in the Pacific
    13·1 answer
  • Which is an example of the spoils system​
    12·2 answers
  • I got a jar of dirt, and guess what's inside it?
    7·2 answers
  • Read the following lines from "An Arab Shepherd is Searching for His Goat on Mount Zion."
    6·1 answer
  • True or False? fat is necessary to proper body function
    7·2 answers
  • It A i just took the test trust me random stangers :)
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!