If the Price of an Xbox Player Falls, Then in the Market

question 375

Multiple Choice

If the price of an Xbox player falls, then in the market for Xbox games,

• A) there is a movement upward along the demand curve for Xbox games.
• B) there is a movement downward along the demand curve for Xbox games.
• C) the demand curve for Xbox games shifts rightward.
• D) the demand curve for Xbox games shifts leftward.

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Definitions:

Open Market Securities

Financial instruments such as bonds or stocks that are traded freely on the open market and can be bought and sold by investors.

Fed

Short for the Federal Reserve, which is the central banking system of the United States, responsible for monetary policy.

Business Investment

The act of allocating resources, usually in the form of capital, to create, expand, or improve a business's assets.

Required Reserves

The minimum amount of funds that a bank or depository institution must hold in reserve against specified deposit liabilities.