Suppose that video game discs are a normal good. If the incomeof video game play

Question

Suppose that video game discs are a normal good. If the incomeof video game players increase, you predict that in the market forvideo games, a) both equilibrium price and quantity will fall b) equilibrium price will fall but quantity willincrease c) equilibrium price will increase and quantity willdecrease d) both equilibrium price and quantity will increase Suppose that video game discs are a normal good. If the incomeof video game players increase, you predict that in the market forvideo games, a) both equilibrium price and quantity will fall b) equilibrium price will fall but quantity willincrease c) equilibrium price will increase and quantity willdecrease d) both equilibrium price and quantity will increase

Explanation / Answer

d) both equilibrium price and quantity will increase
as income increase or demand increase, normal good would godemand up

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