The graph below shows how the price of video games varies with the demand quantity. Suppose that consumers' incomes increased, such that more video games were demanded at each price level. After the increase in demand, the new equilibrium price is , where both supply and demand equal . $120, 200 video games $160, 300 video games $120, 300 video games

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answer; approx,300,000 ;

answer; /// the above statement is (true);