Think about the demand for three game consoles: Xbox Series X, Sony PlayStation 5, and Wii U.
What is the effect of the following events on the demand for Xbox Series X games and the quantity of Xbox Series X
games demanded, other things remaining the same?
The events are
A.Consumers' incomes increase.
B. Programmers who write code for Xbox Series X games become more costly to hire.
C. A new game console comes onto the market, which is a close substitute for Xbox Series X.
D. The prices of a PlayStation4 and a Wii U fall.
Event A ____ the ____ Xbox Series X games.
A. decreases; demand for
B. increases; quantity demanded of
C. increases; demand for
D. decreases; quantity demanded of
Event B ____ the ____ Xbox Series X games.
A. decreases; quantity demanded of
B. decreases; demand for
C. increases; quantity demanded of
D. increases; demand for