Figure 4-20
The graph below pertains to the supply of paper to colleges and universities.
-Refer to Figure 4-20. All else equal, an increase in the use of laptop computers for note-taking would cause a move from

Question

Figure 4-20
The graph below pertains to the supply of paper to colleges and universities. 
-Refer to Figure 4-20. All else equal, an increase in the use of laptop computers for note-taking would cause a move from

Quizplus · Accepted Answer

As the use of laptops for note-taking increases, the demand for paper will decrease, resulting in a leftward shift of the demand curve from D1 to D2. This will lead to a decrease in equilibrium price and quantity, causing a movement from point Y to point X. Therefore, the answer is B.

Figure 4-20 the Graph Below Pertains to the Supply of Paper to Paper