Fantasy Novel Overload: How to Boost Demand?

To boost demand for fantasy novels, the book-store can take several actions. One effective method is to lower the prices of the old fantasy novels. By reducing the price, the book-store can attract more customers who are looking for a good deal on their favorite fantasy books.

Reasoning:

Decreasing the price on the old fantasy novels will make them more appealing to customers who may have been hesitant to purchase them at a higher price point. This can lead to an increase in sales and overall demand for fantasy novels at the store.

One can increase the quantity demanded of a product by lowering its price. When the price of a product decreases, consumers are more likely to purchase it, resulting in higher demand. This principle applies to various goods and services, including fantasy novels.

Based on the chart, the book-store could significantly boost quantity demanded for fantasy novels by offering discounts on the old novels. This strategy can help clear out the overstocked inventory and make room for new releases, while also attracting more customers to the store.