The price of Microsoft’s Xbox games console increases. What will happen to the demand for Xbox games?A. It will decreaseB. It will increaseC. It will extendD. It will contract

The equilibrium price of a game console is $500, but the government has put a price ceiling of $400 on all game consoles. What will be the result of this price ceiling?a surplus of game consolesa shortage of game consolesa decrease in the quantity demanded of game consolesno effect

Over the past few decades, the cost of producing computers has decreased. This has caused computer prices to fall as well. According to the law of demand, what will happen in the market for computers based on this price change?The quantity demanded will increase.Demand will decrease.The quantity demanded will decrease.Demand will increase.

If something causes demand to increase and something else causes supply to decrease, what will be the net effect on price?A.Price is indeterminateB.We can't tellC.Price increasesD.Price decreasesE.Price stays the same

What effect will a decrease in demand and an increase in supply have on equilibrium price ?Equilibrium price will fall Equilibrium price will rise Equilibrium price will be constant Sometimes price will rise and sometimes it will fall

What happens when supply and demand both increase?A.Quantity increases.B.Quantity decreases.C.Price increases.D.Price decreases.