If virtual reality headsets are considered substitutes for game consoles, an increase in the price of virtual reality headsets would, all else equal
A) increase the demand for game consoles.
B) decrease the demand for game consoles.
C) increase the quantity of game consoles demanded.
D) decrease the quantity of game consoles demanded.
Answer: A
Economics
You might also like to view...
Which of the following would not be covered by copyrights?
A) a movie script B) a comic book C) a poem D) a prescription drug
Economics
All bonds that will not be held to maturity have interest rate risk which occurs because of the change in the price of the bond as a result of
A) interest-rate changes. B) changes in the coupon rate. C) default of the borrower. D) changes in the asset's maturity date.
Economics