Answer :
A shortage in the market for economics textbooks will increase the price of textbooks.
What is the relationship between price and demand?
The amount demanded is always inversely related to the price of the commodities, according to the law of demand, which is a fundamental tenet of economics.
In other words, when the price rises, less will be demanded, and vice versa.
The quantity that consumers desire is determined by the price of an item or service in a market.
When non-price elements are taken out of the equation, it follows that higher prices lead to lower quantities demanded and lower prices lead to higher quantities demanded.
Only highly essential goods have increased in price as demand increases.
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