Suppose that the graph illustrates the market demand for video games per month with an equilibrium price of $3.00 and equilibrium quantity of 4,000 video games. Please indicate on the graph the effects of a sale that lowers the price by $2 and place point A at the new equilibrium. 6.0 Demand 5.0 4.0 3.0 3.0 Price ($)

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter4: Markets In Action
Section: Chapter Questions
Problem 6SQ
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Suppose that the graph illustrates the market demand for video games per month with an equilibrium price of $3.00 and
equilibrium quantity of 4,000 video games. Please indicate on the graph the effects of a sale that lowers the price by $2 and
place point A at the new equilibrium.
6.0
Demand
5.0
4.0
3.0
3.0
Price ($)
Transcribed Image Text:Suppose that the graph illustrates the market demand for video games per month with an equilibrium price of $3.00 and equilibrium quantity of 4,000 video games. Please indicate on the graph the effects of a sale that lowers the price by $2 and place point A at the new equilibrium. 6.0 Demand 5.0 4.0 3.0 3.0 Price ($)
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