The Internet Has Created a New Category in the Book

question 90

Multiple Choice

The Internet has created a new category in the book selling market,namely,the "barely used" book.How does the availability of barely used 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.

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Definitions:

Prospectus

A formal document that provides details about an investment offering for sale to the public.

Management Fee

A charge paid to investment managers for their services, typically a percentage of the assets under management.

Assets

Economic resources owned or controlled by an individual or entity, capable of producing value.

NAV

Net Asset Value, the total value of a fund's assets minus its liabilities, usually expressed per share.