The internet has created a new category in the book-selling market,namely,the 'barely used' book.How does the availability of barely used books affect the market for new books?
A) The demand curve for new books shifts to the right.
B) The demand curve for new books shifts to the left.
C) The supply curve for new books shifts to the right.
D) The supply curve for new books shifts to the left.

Question

Quizplus · Accepted Answer

The availability of barely used books will provide an alternative option for customers who are looking for cheaper prices. This will decrease the demand for new books, causing the demand curve to shift to the left. As a result, publishers and booksellers may have to adjust their prices or marketing strategies to compete with the second-hand book market. The supply of new books is not directly affected by the availability of used books, so choices A, C, and D are incorrect.

The Internet Has Created a New Category in the Book-Selling