A shortage of textbooks is most likely to cause:

Question

A shortage of textbooks is most likely to cause:​

Quizplus · Accepted Answer

When there is a shortage of textbooks, the demand for textbooks will not decrease, but rather increase as students and teachers would still require them for their studies. A decrease in the supply of textbooks will cause an increase in the price of textbooks due to the basic principles of supply and demand. The cost of printing may increase due to increased demand, but the shortage of textbooks would lead to an increase in prices rather than a decrease in the cost of printing. The price of paper may or may not be affected by the shortage of textbooks. Therefore, option E is the correct answer.

A Shortage of Textbooks Is Most Likely to Cause:​

A Shortage of Textbooks Is Most Likely to Cause: