ECS1500
Assignment 3 Semester 1 2024
Unique Number: 638823
Due Date: 27 May 2024
QUESTION 1 (2 ANSWERS PROVIDED)
The release of the new popular video game will likely lead to an increase in demand for the
SUPER CONSOLE. As more people become interested in playing the game, they will need to
purchase the specific console in order to do so. This will shift the demand curve for the SUPER
CONSOLE to the right, indicating an increase in the quantity demanded at each price. As a
result, the equilibrium price and quantity of the SUPER CONSOLE will both increase. This will
be a positive development for the makers of the SUPER CONSOLE, as they will experience
higher sales and potentially greater profitability
DISCLAIMER & TERMS OF USE
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
provided.
]
Assignment 3 Semester 1 2024
Unique Number: 638823
Due Date: 27 May 2024
QUESTION 1 (2 ANSWERS PROVIDED)
The release of the new popular video game will likely lead to an increase in demand for the
SUPER CONSOLE. As more people become interested in playing the game, they will need to
purchase the specific console in order to do so. This will shift the demand curve for the SUPER
CONSOLE to the right, indicating an increase in the quantity demanded at each price. As a
result, the equilibrium price and quantity of the SUPER CONSOLE will both increase. This will
be a positive development for the makers of the SUPER CONSOLE, as they will experience
higher sales and potentially greater profitability
DISCLAIMER & TERMS OF USE
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
provided.
]
