Figure 4-8 
-Refer to Figure 4-8.Suppose the figure shows the market demand for Big Box e-readers.Suppose the price of the leading competitor's e-readers,a substitute good,decreases.Which of the following changes would occur?
Definitions:
Unit Price
The price of a single unit of a product, used for comparison between different sizes or quantities.
Percent Increase
The percentage that represents the proportion of growth from the initial value to an increased amount.
Hourly Rate
The sum of money received for every hour worked.
Unit Price
The cost per single unit of an item or investment.
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