Related to the Economics in Practice on page 68: 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, a key input for producing newspapers, would make it more expensive to produce newspapers. This would lead to a decrease in the supply of newspapers because producers would be less willing or able to supply the same quantity at previous prices.

Related to the Economics in Practice on Page 68: One