Examlex
Which of the following would be most likely to cause a reduction in the supply of Nintendo video games?
Shipment Seized
Refers to the action taken by authorities to take hold of a shipment due to various reasons such as legal issues or contraband.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.
Fine
A monetary penalty imposed by an authority on individuals or entities as punishment for violating laws or regulations.
Supply Curve
A graphical representation of the relationship between the price of a good and the quantity of the good that suppliers are willing and able to sell, usually upward-sloping.
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