Letterfront Bookstore has been the top bookseller in the city for the past 20 years. In the last five years, the bookstore has seen stiff competition from the smaller bookstores in the city. How did this affect consumer behavior when purchasing books?
Answer
A
Sellers will see a rise in book sales due to competition.
B
Sellers will raise the price of books to make more profits.
C
Consumers have to pay more to buy books from Letterfront Bookstore.
D
Consumers have many options when purchasing books.
Explanation
Competition from more bookstores gives consumers additional places to shop and compare books, prices, and service. Therefore, consumers have many options when purchasing books. The question does not imply that prices must rise or that sellers will necessarily sell more books.
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