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Question: At the end of the term, college's bookstore often increases the price offered to students for their used textbooks in order to stock their shelves for the next term. Would an increase in the buyback price affect the supply or the quantity supplied of used textbooks? Suppose an unusually difficult professor leads to many students having to retake the course the next term. How might this affect the supply for used textbooks?

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Microeconomics, Economics

Category:- Microeconomics
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