The supply curve of books (which are produced using paper made from trees) will shift to the left in response to
A)a decline in college tuition.
B)an increase in home building.
C)an increase in the supply of lumberjacks.
D)an end to government regulations that limit timber harvesting in national forests.

Question

Quizplus · Accepted Answer

An increase in home building would likely increase the demand for lumber, raising the cost of paper and thus increasing the production costs for books, leading to a leftward shift in the supply curve.

The Supply Curve of Books (Which Are Produced Using Paper