PLEASE HELP. The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system is currently at Demand and Supply 1, which change to the graph would have to occur to increase equilibrium price while lowering equilibrium quantity?
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A. Add Demand 1 to left of Demand. (incorrect i already tried that)
B. Add Demand 1 to right of demand.
C. Add Supply 2 to left of Supply 1.
D. Add Supply 2 to right of Supply 1.

PLEASE HELP The supply and demand curves reflect the availability and cost of a new gaming system If the gaming system is currently at Demand and Supply 1 which class=

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Answer:

The answer is B (Add Demand 1 to right of Demand)

Step-by-step explanation:

In the present scenario, if the desire switches to the correct one or not, the amount demanded will rise at every price. For instance, if drinking coke becomes fashionable, consumption might very well rise at all costs.

  • It's because we want to increase quantities while reducing prices, so I added an extra line to the left of the initial to lower pricing while increasing numbers.
  • In the given scenario, the demand and supply curves indicate the availability and cost of a new gaming system.
  • If the game system is currently at Want and Supply 1, adding Demand 1 to the right of the demand change on the graph would be required to increase equilibrium pricing while decreasing balance quantity.

Therefore, the final answer is "Option B".

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