Question
In the market for first-year economics textbooks, assuming everything else remains unchanged, the equilibrium price of textbooks will increase if
there is a surplus of textbooks.
the price of university education, a complement, increases.
the supply of textbooks increases.
the cost of the publication of textbooks increases.
there is a surplus of textbooks.
the price of university education, a complement, increases.
the supply of textbooks increases.
the cost of the publication of textbooks increases.
Answers
GPT 3.5
The equilibrium price of textbooks will increase if the supply of textbooks decreases.
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