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Author Question: Consider the collectors' market for first editions of two popular children's books, Harry Potter and ... (Read 148 times)

DelorasTo

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on: Mar 15, 2019

Consider the collectors' market for first editions of two popular children's books, 
Harry Potter and the Order of the Phoenix by J. K. Rowling and 
Ruby in the Smoke by Philip Pullman. Sales of the Harry Potter novel are much greater than sales of 
Ruby in the Smoke yet the price of the Harry Potter novel is much lower than the price of Pullman's novel. 



a. On one large diagram, draw a demand and supply graph for first editions of 
Harry Potter and the Order of the Phoenix and another demand and supply graph for first editions of 
Ruby in the Smoke.  

b. Show how it is possible for the price of the Harry Potter novel to be much lower than the price of Pullman's novel, even though the demand for the Harry Potter novel is much greater than the demand for 
Ruby in the Smoke.

c. Provide a written explanation to accompany your graphical illustration.

Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by DelorasTo on Mar 15, 2019

Liamb2179

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Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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DelorasTo

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Reply 2 on: Mar 15, 2019
:D TYSM

Joy Chen

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Reply 3 on: Yesterday
Excellent

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