Which of the following causes the supply curve of paper to shift to the left?
A.
Paper producers expect lower paper prices in the months ahead.
B.
The price of pencils, a complement to paper, increases.
C.
Improvements are made in the technology used to produce paper.
D.
Household income falls.
E.
Environmental concerns reduce the yearly amount of timber that can be harvested.
Exam No： AP Micro Practice Test 4 Year：2024 Question No：16
Answer:
E
Knowledge points:
2.2 Supply
2.7 Market Disequilibrium and Changes in Equilibrium
3.2 Short-Run Production Costs
Solution:
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