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Consider the market for children's books. Suppose that more parents started to educate their children at home during the coronavirus pandemic and needed more educational
Consider the market for children's books. Suppose that more parents started to educate their children at home during the coronavirus pandemic and needed more educational materials, including children's books, to do so. At the same time, lots of publishers printing children's books shut down due to a large number of workers preferring to stay at home due to safety reasons and home responsibilities. What was the effect of the events described above on the supply of and demand for children's books? Demand increased; supply decreased. Demand decreased; supply decreased. Demand decreased; supply decreased. Demand increased; supply increased.
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