What Will Happen to the Equilibrium Price of New Textbooks

question 3

Multiple Choice

What will happen to the equilibrium price of new textbooks if more students attend college,paper becomes cheaper,textbook authors accept lower royalties,and fewer used textbooks are sold?

• A)Price will rise.
• B)Price will fall.
• C)Price will stay exactly the same.
• D)The price change will be ambiguous.

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Definitions:

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The act of rewording a text or passage to express the same meaning in a different way, often to clarify or simplify.

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