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How would an increase in the price of paper influence the market for college textbooks?
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How would an increase in the price of paper influence the market for college textbooks?

User Gtilflm
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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.

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User Tomas Lucena
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