QUESTION 14 Consider the market for PlayStation video games. Ceteris paribus, what effect will a decrease in the price of the PlayStation gaming system (a complement) have on the market for PlayStation video games? price will fall; quantity will rise price will rise; quantity will fall price will rise; quantity will rise O price will fall; quantity will fall QUESTION 15 Consider the market for gasoline, assuming it's competitive. Ceteris paribus, what effect will a decrease in the price of crude oil (a major input), along with a decrease in demand in the demand for gas, have on equilibrium price and quantity? O price will fall; quantity will rise O price will rise; quantity will fall O price will fall; quantity might increase or decrease price might increase or decrease; quantity will fall

QUESTION 14 Consider the market for PlayStation video games. Ceteris paribus, what effect will a decrease in the price of the PlayStation gaming system (a complement) have on the market for PlayStation video games? price will fall; quantity will rise price will rise; quantity will fall price will rise; quantity will rise O price will fall; quantity will fall QUESTION 15 Consider the market for gasoline, assuming it's competitive. Ceteris paribus, what effect will a decrease in the price of crude oil (a major input), along with a decrease in demand in the demand for gas, have on equilibrium price and quantity? O price will fall; quantity will rise O price will rise; quantity will fall O price will fall; quantity might increase or decrease price might increase or decrease; quantity will fall

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 10PA

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