According to the Application in Chapter 2, many video game makers in the early 1980s went out of business because:
A) a large increase in the supply of games lowered the price of video games so much that it made them unprofitable.
B) a large decrease in the supply of games raised the price of video games so much that consumers stopped buying them.
C) a large decrease in consumer demand lowered the price of video games so much that it made them unprofitable.
D) a large increase in consumer demand raised the price of video games to the point that they were no longer affordable.
Correct Answer:
Verified
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