Question

A new superhero movie has become very popular, and its toy action figures have recently hit the market. What impact will production of the new movie's toys have on the toys of last year's superhero movie?

Answer 1

Demand for the old action heroes will decrease, causing a decrease in equilibrium quantity.

Step-by-step explanation:

The greatest demand will be for the newest product because the older one will become less desirable. Given that the supply is fixed, the decrease in the demand, the new equilibrium quantity will decrease

Answer 2

It will decrease, causing a decrease in equilibrium quantity

Step-by-step explanation:

If a new superhero movie becomes popular and its action figure has a great demand, then the production of an old figure will decrease because less people will want to buy that figure. It will also cause a decrease in the equilibrium quantity which is simultaneously equal to both the quantity demanded and quantity supplied