Competition from Amazon and other online booksellers has resulted in some brick-and-mortar bookstores suffering losses. According to an article in the New York Times, over the past 15 years, the number of bookstores in the borough of Manhattan in New York City has declined by 30 percent. Source: Julie Bosman, "Literary City, Bookstore Desert," New York Times, March 25, 2014. As some bookstores exit the market, the demand curve faced by a remaining bookstore will shift to the may also become elastic because consumers will have competing stores, this store is expected to The demand curve other stores to buy from. After the exit of the
Competition from Amazon and other online booksellers has resulted in some brick-and-mortar bookstores suffering losses. According to an article in the New York Times, over the past 15 years, the number of bookstores in the borough of Manhattan in New York City has declined by 30 percent. Source: Julie Bosman, "Literary City, Bookstore Desert," New York Times, March 25, 2014. As some bookstores exit the market, the demand curve faced by a remaining bookstore will shift to the may also become elastic because consumers will have competing stores, this store is expected to The demand curve other stores to buy from. After the exit of the
Chapter1: Making Economics Decisions
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Transcribed Image Text:Competition from Amazon and other online booksellers has resulted in some brick-and-mortar bookstores suffering losses.
According to an article in the New York Times, over the past 15 years, the number of bookstores in the borough of Manhattan in
New York City has declined by 30 percent.
Source: Julie Bosman, "Literary City, Bookstore Desert," New York Times, March 25, 2014.
As some bookstores exit the market, the demand curve faced by a remaining bookstore will shift to the
may also become
elastic because consumers will have
competing stores, this store is expected to
The demand curve
other stores to buy from. After the exit of the
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