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A producer of video games observes that game consoles (such as X-box and Playstation, that are needed to play video games) have become more expensive.

A producer of video games observes that game consoles (such as X-box and Playstation, that are needed to play video games) have become more expensive. What will happen to the equilibrium price and equilibrium quantity of video games? The equilibrium price will increase, the equilibrium quantity will decrease The equilibrium price will increase, the equilibrium quantity will increase The equilibrium price will decrease, the equilibrium quantity will increase The equilibrium price will decrease, the equilibrium quantity will decrease

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