Monday, September 24, 2018

If kindle e-readers and nook e-readers are substitutes, a higher price for nooks would result in a what?

If kindle e-readers and nook e-readers are substitutes, a higher price for nooks would result in a what?
1. Increase in the demand for Nooks
2. Decrease in the demand for Nooks
3. Increase in the demand for Kindles
4. Decrease in the demand for kindles

Thanks for the help! I know its not the second one.

Read more: If kindle e-readers and nook e-readers are substitutes, a higher price for nooks would result in a what?