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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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