paarya184 paarya184

26-04-2021
Business

contestada

The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system market is currently at Demand and Supply 1, which change to the graph would have to occur to increase equilibrium price while lowering equilibrium quantity? (5 points)

Group of answer choices

Add Demand 1 to left of Demand.

Add Demand 1 to right of Demand.

Add Supply 2 to left of Supply 1.

Add Supply 2 to right of Supply 1.

Respuesta :

27-04-2021

Answer:

Add Demand 1 to right of Demand.

Explanation:

Answer Link

kanikabajaj294 kanikabajaj294

04-06-2022

The supply and demand curves reflect the availability and cost of a new gaming system. The change to the graph would have to occur is to Add demand 1 to the right of demand for increasing equilibrium price while lowering equilibrium quantity.

What do you mean by the demand curve?

A demand curve refers to the graph showing the relationship between the price and quantity of that commodity.

The supply and demand curve reflects the availability and cost of a new gaming system. Add demand 1 to the right of demand as a change to the graph to increase equilibrium price while lowering equilibrium quantity.

Therefore, B is the correct option.

Learn more about the Demand curve here:

https://brainly.com/question/13131242

#SPJ2

Answer Link

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