Question: Homework: Ch. 3.3 - 3.4: Changes in Equilibrium Save Score: 0 of 4 pts 7 of 12 (6 complete) HW Score: 41.18%, 14 of 34

 Homework: Ch. 3.3 - 3.4: Changes in Equilibrium Save Score: 0

Homework: Ch. 3.3 - 3.4: Changes in Equilibrium Save Score: 0 of 4 pts 7 of 12 (6 complete) HW Score: 41.18%, 14 of 34 pt Concept: Equilibrium - Demand Shifts 2 Question Help Consider the market for college textbooks illustrated in the figure to the right. Suppose a recent economic recession has resulted in more students attending college. S1 In the figure to the right, show how this has likely affected the market for college textbooks 1.) Using the line drawing tool, draw either a new supply curve (S2) or a new demand curve (D2). Properly label your line. 2.) Using the point drawing tool, indicate the new market equilibrium (ez). Carefully follow the instructions above, and only draw the required objects Price (dollars per book) 61 P D2 D1 Quantity (textbooks)

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