Ricord books, a publication house, faced huge losses after 2008. the majority of its readers were born during the late 1950s, whose population was rapidly declining. most modern readers preferred using e-books rather than reading from hard copies. this resulted in a decrease in the sales of ricord books. identify the dimension of the social environment that this scenario exemplifies.
a. ethical policy
b. social responsibility
c. diverse workforce
d. aging population

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls