129k views
3 votes
Suppose there is an increase in the price of wood. We would expect the supply curve for pencils to.

User Mockash
by
5.2k points

1 Answer

1 vote

Answer:

The supply curve (S0) for pencils shifts to the left since the price of wood increases, the price of graphite increases, and the price of rubber increases this will cause a leftward shift in the supply curve for pencils

Step-by-step explanation:

User Bircastri
by
4.3k points