mrbusinessman7259 mrbusinessman7259
  • 26-10-2019
  • Business
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How would an increase in the price of paper influence the market for college textbooks?

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shahzaibnaeem37 shahzaibnaeem37
  • 26-10-2019

Answer:

Paper is a raw material for the production of college textbooks. An increase in the price of paper will shift the supply curve of college textbooks to the left as cost of producing textbook will increase. This means that less quantity of college textbooks will be produced and their prices will increase.

Explanation:

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