In the market for first year economics textbooks, assuming everything else remains unchanged, the equilibrium price of textbooks will increase if A there is a surplus of textbooks. B the price of university education, a complement, increases. C the supply of textbooks increases. D the cost of the publication of textbooks increases. E there is a drop in the cost of paper necessary to produce textbooks.
In the market for first year economics textbooks, assuming everything else remains unchanged, the equilibrium price of textbooks will increase if A there is a surplus of textbooks. B the price of university education, a complement, increases. C the supply of textbooks increases. D the cost of the publication of textbooks increases. E there is a drop in the cost of paper necessary to produce textbooks.
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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In the market for first year economics textbooks, assuming everything else remains unchanged, the
A there is a surplus of textbooks.
B the price of university education, a complement, increases.
C the supply of textbooks increases.
D the cost of the publication of textbooks increases.
E there is a drop in the cost of paper necessary to produce textbooks.
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