Consider the market for good old fashioned books. If people are turning towards reading as a leisure activity due to the
COVID-19 stay at home orders, while at the same time there are fewer booksellers because retail bookstores are closed to
the public, which of the following changes to equilibrium is most consistent with the model of supply and demand?
O Equilibrium price would fall and equilibrium quantity would increase.
Equilibrium price would rise and equilibrium quantity would increase.
O Equilibrium price would fall and equilibrium quantity would fall.
O None of these is consistent with supply and demand analysis.