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https://www.mathxl.com/Student/PlayerHomework.aspx?homeown tono ST &questionid 22&flushedefalsedda-sisa szacenter -yes ECO 2113 F2F Fall 18 Alexa Williamson Homework: Chapter 3 Homework Score: 0 of 4 pts Concept: Equilibrium - Demand Shifts 2 A 22 of 25 (14 complete) HW Score: 47.3 Consider the market for college textbooks. Suppose a recent economic recession has resulted in significantly nigher tuition costs for college. Significantly higher tuition costs for college will shift A the supply curve for textbooks to the right C. the supply curve for textbooks to the left. B. the demand curve for textbooks to the right. cD. the demand curve for textbooks to the left. The new equilibrium will be where O A. the original demand curve intersects the supply curve O B. demand is greater than supply OC. the new demand curve intersects the supply curve. O D. there is a surplus.

Explanation / Answer

Question 2

Answer is C. The new demand curve intersects the supply curve which remains the same. The equilibrium price and quantity will fall.

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