Economics-Principles-02-ID

By WScott | November 15, 2024

If a popular new video game console becomes extremely scarce during the holiday season, what is the most likely immediate economic result according to the laws of supply and demand?

  • The price of the console will be decreased.
  • The price of the console will be increased.
  • The factory will produce fewer games.
  • The company will increase its marketing budget.