(Figure: Market for Used Books) Use the figure to answer the question.
A campus bookstore sells both new and used books and rents them as well. In a particular semester, the percentage of students who opt for used books and rentals increases, and the percentage of students who opt for new books decreases. Which graph shows the new equilibrium that would result in the market for used books?
A) Graph A
B) Graph B
C) Graph C
D) Graph D
Correct Answer:
Verified
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