Recall from the PowerPoint slides the video game console market where tastes and preferences are moving away from the consoles to mobile devices and where the cost (of the computing chips needed for the consoles) has been increasing. Which of the following is true regarding what happened to the video game console industry in the past few years?

Group of answer choices

Supply curve shifts to the right; Demand curve shifts to the left

Supply curve shifts to the right; Demand curve shifts to the right

Price is unclear, quantity decreases

Price increases, quantity unclear