Suppose That Video Game Discs Are a Normal Good

question 173

Multiple Choice

Suppose that video game discs are a normal good. If the income of video game players increases, you predict that in the market for video games,

• A) both equilibrium price and quantity will fall.
• B) both equilibrium price and quantity will increase.
• C) equilibrium price will increase, and quantity will decrease.
• D) equilibrium price will fall, but quantity will increase.

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Definitions:

Earthquake Rupture

The process during an earthquake where the Earth's crust breaks and moves along a fault.

Compacted

Describes sediment that has been pressed tightly together, increasing its density due to the weight of overlying materials or by mechanical means.

Fault Rupture

Fault rupture is the sudden break or fracture along a fault line in the Earth's crust, resulting in the displacement of the ground on either side of the fault.

Oval Shape

An elongated round figure that is broader in the middle and narrower at the ends, resembling a flattened circle.