Question

The book-store is overstocked with old fantasy novels. It needs to get rid of the novels to make room for newly published fantasy novels. Based on the chart, what could the book-store do to increase quantity demanded for fantasy novels?
A) Decrease price on the old fantasy novels.
B) Increase price on the old fantasy novels.
C) Increase shelf space for fantasy novels.
D) Sell preorders of the new fantasy novels.

Answer 1

Answer:

A

Explanation:

Decreasing the price on the old fantasy novel will increase the demand for fantasy novel

Answer 2

Based on the chart, the the book-store could increase quantity demanded for fantasy novels if it decrease price on the old fantasy novels.

How do one increase quantity demanded?

One can have an increase in quantity demanded is when there is a reduction in the price of the product or services and  it goes both ways.

Note therefore,  Based on the chart, the the book-store could increase quantity demanded for fantasy novels if it Decrease price on the old fantasy novels leading to more sales of the books.

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