Many Video Game Makers in the Early 1980s Went Out

question 43

Multiple Choice

Many video game makers in the early 1980s went out of business because:

• A) a large increase in the supply of games lowered the price of video games so much that it made them unprofitable.
• B) a large decrease in the supply of games raised the price of video games so much that consumers stopped buying them.
• C) a large decrease in consumer demand lowered the price of video games so much that it made them unprofitable.
• D) a large increase in consumer demand raised the price of video games to the point that they were no longer affordable.

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Definitions:

Assumes a Mortgage

The act of taking on the obligation to pay an existing mortgage, typically as part of a property purchase.

Latent Defects

Hidden or concealed flaws in property or goods that are not readily observable or discoverable through reasonable inspection.

Variable Rate Mortgage

A type of mortgage where the interest rate can change, based on an index or an agreement between the lender and borrower.

Mortgage Reform and Anti-Predatory Lending Act

A legislative act aimed at curbing predatory lending practices in the mortgage industry, ensuring fair and transparent loan terms for borrowers.