With the Advent of Online Classes and E-Learning, a New

question 155

Multiple Choice

With the advent of online classes and e-learning, a new category in the textbook market, the 'virtual rental' book has become a possible substitute to new book purchases. How does the availability of virtual rental books affect the market for new books?

• A)The demand curve for new books shifts to the right.
• B)The demand curve for new books shifts to the left.
• C)The supply curve for new books shifts to the right.
• D)The supply curve for new books shifts to the left.

---

Definitions:

Absentee Landlord

A property owner who does not live on-site or participate actively in managing their rental property.

Rental Expenses

Costs incurred for leasing or renting property, equipment, or other assets.

Gasoline Purchases

The act of buying gasoline, a fuel used primarily in internal combustion engines.

Major Drivers

Key factors or forces that significantly influence the direction, activity, or trends within a market or environment.