The hot new video game system is having production delays, which is limiting the number of units available for resale. How will sellers most likely react in this situation?
A) save their inventory
B) decrease prices
C) pause all advertising
D) leave prices the same
E) increase prices

Question

Quizplus · Accepted Answer

In a situation where a hot new video game system is experiencing production delays, leading to a limited number of units available for resale, sellers are most likely to increase prices. This is due to the basic economic principle of supply and demand. When supply is limited and demand is high, prices tend to increase.

The Hot New Video Game System Is Having Production Delays