In the market for paperback books, the price of paper increases and more people are reading books on kindles and ipads.  Which of the following will happen as a result of these two events.   A. Equilibrium price of paperback books will decrease   B. Equilibrium price of paperback books will increase   C. Equilibrium price of paperback books will remain the same   D. Equilibrium price of paperback books will be indeterminate

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
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Chapter4: The Market Forces Of Supply And Demand
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In the market for paperback books, the price of paper increases and more people are reading books on kindles and ipads.  Which of the following will happen as a result of these two events.

  A.

Equilibrium price of paperback books will decrease

  B.

Equilibrium price of paperback books will increase

  C.

Equilibrium price of paperback books will remain the same

  D.

Equilibrium price of paperback books will be indeterminate

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