The most likely explanation for the continued rise in the price of Sony Playstation video games is
A) a decrease in the price of Nintendo video games.
B) an increase in the price of Sony Playstation consoles.
C) an increase in preferences for video games.
D) a decrease in income.
E) a reduction in the amount of video-game advertising.

Question

Quizplus · Accepted Answer

An increase in preferences for video games would lead to higher demand, which can cause prices to rise if supply doesn't increase at the same rate.

The Most Likely Explanation for the Continued Rise in the Price