Solved

According to the Application in Chapter 2, Many Video Game

Question 50

Multiple Choice

According to the Application in Chapter 2, 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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions