Question
The price of the PlayStation games increases. * O O a. (D) shifts to the right and (S) stays the same. The equilibrium price
The price of the PlayStation games increases. * O O a. (D) shifts to the right and (S) stays the same. The equilibrium price increases and the equilibrium quantity decreases. b. (D) stays the same and (S) shifts to the left. The equilibrium price increases and the equilibrium quantity decreases. c. (D) stays the same (S) stays the same. The market is in shortage. d. (D) stays the same (S) stays the same. The market is in surplus.
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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