Related to the Economics in Practice on page 66: One explanation for the increase in the price of the Baltimore newspaper is the increase in the cost of newsprint. This would cause the ________ of Baltimore newspapers to ________.

Question

Quizplus · Accepted Answer

An increase in the cost of newsprint would increase the cost of production for Baltimore newspapers, causing a decrease in supply. The quantity supplied could also decrease, but it is a result of the decrease in supply.

Related to the Economics in Practice on Page 66: One