Question

ou+want+to+buy+a+video+game.+Last+week+it+was+in+all+the+stores.+Last+night+a+famous+actor+said+it+was+the+best+game+ever.+Now+it+is+hard+to+find.+Based+on+what+you+know+about+price%2C+is+now+a+good+time+to+buy+the+game%3F+Why%3F(1+point)+Responses+No.+The+price+will+be+too+high+because+the+game+is+scarce+right+now.+No.+The+price+will+be+too+high+because+the+game+is+scarce+right+now.+Yes.+The+price+is+not+changed+by+anything+but+the+cost+to+make+the+game.+Yes.+The+price+is+not+changed+by+anything+but+the+cost+to+make+the+game.+No.+The+price+has+reached+the+equilibrium+point+and+will+go+down+now.+No.+The+price+has+reached+the+equilibrium+point+and+will+go+down+now.+Yes.+The+price+will+be+low+because+sellers+want+to+use+the+new+interest.&

Answer 1

No. The price will be too high because the game is scarce right now. Since the game is hard to find and there is high demand for it, sellers may take advantage of this and increase the price. It is better to wait until the hype dies down and the game becomes more widely available at a regular price.