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

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

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Asked by Tyh, Last updated: Nov 09, 2024

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tyh24647

tyh

tyh24647
Tyh

Answered Mar 07, 2018

The price change will be ambiguous
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