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AP® Microeconomics

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Supply and Demand: Game Consoles

APMICR-OBPSYP

Video game consoles are produced in a perfectly competitive market. The price of a popular video game console increases. Which of the following is most likely to happen as a result?

A

The demand for these consoles will decrease.

B

The supply of these consoles will increase.

C

The equilibrium price of games for this console will decrease.

D

The demand for other video game consoles will decrease.

E

The supply of other video game consoles will increase.