Three Popular Game Consoles
1. Think about the demand for the three popular game consoles: Xbox, PS3 and Wii. Explain the effect of the following event on the demand for Xbox games, and the quantity of Xbox games demanded, other things remaining the same. a) The price falls b) The price of a PS3 and a Wii fall c) The number of people writing and producing Xbox games increases d) Consumers income increase e) Programmers who write codes for Xbox games become more costly to hire f) The price of an Xbox game is expected to fall g) A new game console is developed and marketed that is a close substitute to Xbox
a) Increases b) Decrease c) Increase d) Increase e) Decrease f) Decrease g) Decrease
2. Read Oswald,
a) Increases b) Decrease c) Increase d) Increase e) Decrease f) Decrease g) Decrease
2. Read Oswald,