The U.S. Postal Service printed 150,000 sheets of a stamp depicting Bill Pickett, but recalled them when the USPS realized the image on the stamp was Bill's brother, Ben, instead. They were unable to recall 183 sheets that had already been sold. The effect of this recall was to:

Question

Quizplus · Accepted Answer

The recall drastically reduced the supply of the Bill Pickett stamps, as only 183 sheets remained in circulation, making them rare and likely increasing their equilibrium price.

The US Postal Service Printed 150,000 Sheets of a Stamp Depicting