Let’s say that it is the holiday season and the demand for electronic games increases. Let’s also assume that due to hig
Posted: Fri Jul 01, 2022 8:12 am
Let’s say that it is the holiday season and the demand forelectronic games increases. Let’s also assume that due to highergovernment taxes, the cost of producing electronic games increases.Based on these two changes (and no other ones), what do youconclude will happen to the equilibrium price and quantity ofelectronic games?