ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Increase
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Decrease
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No Effect. It changed QD
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None of the above
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Detailed explanation-1: -Supply of goods and services An increase in price almost always leads to an increase in the quantity supplied of that good or service, while a decrease in price will decrease the quantity supplied.
Detailed explanation-2: -An increase in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase. A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease.
Detailed explanation-3: -The equivalent of 89 kilograms of carbon dioxide is emitted into the atmosphere with the production and transportation of every PlayStation 4.” That figure can be multiplied by 100 million to reflect the number of consoles Sony has sold to date.
Detailed explanation-4: -The global gaming console market reached a value of about USD 48.95 billion in 2022 and expected to grow at a CAGR of 7.2% in the forecast period of 2023-2028 to reach a value of USD 74.29 billion by 2028.