Using the concept of change in demand or supply

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Suppose that there is a market for Christian books in California. A series of strong earthquakes occurred in 2014, causing landslides, fires, building and roadway collapse. At the same time, a lot of people died or lost their homes. How do you think this disaster will affect the demand of Christian books in 2014? What will happen to the market equilibrium price and quantity of Christian book in 2014, as opposed to those in 2013? Discuss this using the concept of change in demand or/and supply.

Reference no: EM131240609

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