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The determinants of demand and the demand for paperback books

For each of the following, state the determinant of demand that is changed, and explain how the determinant affects the demand for books.

a. The opening of a huge new library in town

b. A news story that the price of paperbacks is about to increase due to worldwide paper shortages

c. The opening of a new luxury resort in town, which brings in many guests

d. A large increase in income from the increased tourism in town

e. A news story that reports book readers are more likely to develop hemorrhoids

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91918343

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