Multiple Choice
The internet has made it easy for consumers to buy books online. As a result, many traditional booksellers like Barnes & Noble and Borders (starting in 2008) along with Amazon sell books on their websites. What effect will the internet have on the demand curve that any bookstore faces?
A) The price elasticity of demand will remain unchanged; only the cross -price elasticity will change.
B) The demand facing a bookstore will become more inelastic.
C) The demand facing a bookstore will become horizontal.
D) The demand facing a bookstore will become more elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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