A reputable private research institute announces that children who play Playstation games worsen their grades in...

 

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A reputable private research institute announces that children who play Playstation games worsen their grades in school. * a. (D) stays the same and (S) shifts to the left. The equilibrium price decreases and the equilibrium quantity increases. b. (D) shifts to the right and (S) stays the same. The equilibrium price increases and the equilibrium quantity increases. c. (D) stays the same and (S) shifts to the left. The equilibrium price increases and the equilibrium quantity decreases. d. (D) shifts to the left and (S) stays the same. The equilibrium price decreases and the equilibrium quantity decreases. A reputable private research institute announces that children who play Playstation games worsen their grades in school. * a. (D) stays the same and (S) shifts to the left. The equilibrium price decreases and the equilibrium quantity increases. b. (D) shifts to the right and (S) stays the same. The equilibrium price increases and the equilibrium quantity increases. c. (D) stays the same and (S) shifts to the left. The equilibrium price increases and the equilibrium quantity decreases. d. (D) shifts to the left and (S) stays the same. The equilibrium price decreases and the equilibrium quantity decreases.

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The detailed answer for the above question is provided below The correct answer is d In this situati... View the full answer