Apply supply/demand, elasticity, and the material on taxes to the following issue
gaming disorder, a mental health disorder is a serious threat for mainly school going childrens as they have shifted from physical gaming activities to internet based games which is making them unhealthy physically and mentally. to combat this problem government can take necessary steps like the internet games which are demanded more should be priced heavily so that it will make a big hole in there pockets if they still want to play it. if the supply of the games will be less as compared to there demand there will definitly be a price rise which will make many people not to buy the game. another thing the government can do to make the price rise is that to put a high amount of tax on the game which will ultimately make the price to rise. and as games are luxury goods the price rise will make the demand go down which will help to solve the problem.
Get Answers For Free
Most questions answered within 1 hours.