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Consider the market for paperbound economics textbooks

Economics

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Consider the market for paperbound economics textbooks. What happens if the market price of paper increases:

a. The rise in the price of paper, a key input in textbook production, causes a decrease in the supply of textbooks,

b. The rise in the price of paper, a key input in textbook production, causes an increase in the supply of textbooks,

c. The rise in the price of paper, a key input in textbook production, causes no change in the supply of textbooks,

d. None of the above.