As the price of textbooks has increased, more and more students are renting, buying used textbooks online, or using the electronic version of the required course materials. The law of demand and supply suggests that the book sellers will raise prices to the point where supply and demand come into balance. What happens if the
price of textbooks goes above this equilibrium point?
OA. The quantity supplied will increase
OB. There will be a shortage of textbooks
OC. There will be a surplus of textbooks
OD. The quantity demanded will increase.
O E Book sellers will see increased profits.