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Which of the following would shift the demand curve for new textbooks to the right?

A. Fall in the price of new textbooks

B. Rise in the price of new textbooks

C. Fall in the consumer's income

D. Fall in the price of pens, complement of textbooks

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Yusra Anees
Yusra AneesLv10
23 Oct 2020

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Related questions

Jen likes only chocolate and economics textbooks. Her demand functions for chocolate and textbooks are
given by
Qc =m / (pc + pt)
Qt =m /(pc + pt)
where m denotes her income and pc and pt the price of chocolate and textbooks respectively.
a. Are chocolate and textbooks complements or substitutes for Jen?
b. Calculate the income elasticity for chocolate. Is chocolate a normal good?
2c. Assume we observe the following: Qt = 5; pc = 2; pt = 2.
If the price of textbooks doubles, by how much does the income have to increase to keep the textbook
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a. The numbers of publishers of economic textbooks increases.

b. Publishers expect that the market price of economics textbooks will increase next month

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