Assume the Witcher video games only have Nintendo switch versions. CD Projekt Red announces the highly anticipated Witcher 4 game will be released next month. No new Nintendo switches are available for the next 6 months due to covid related supply issues. What will the impact of this announcement be on the market for USED Nintendo switches? Explain by Microeconomics only. (i.e. quantity demand, supply; demand curve)

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
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Chapter19: Elasticity
Section19.2: Elasticity: Part 2
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Assume the Witcher video games only have Nintendo switch versions. CD Projekt Red announces the highly anticipated Witcher 4 game will be released next month. No new Nintendo switches are available for the next 6 months due to covid related supply issues.

What will the impact of this announcement be on the market for USED Nintendo switches? Explain by Microeconomics only. (i.e. quantity demand, supply; demand curve)

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