Suppose there is an increase in the price of wood. We would expect the supply curve for pencils to.

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asked Jan 22, 2023 129k views

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Bircastri · Answer 1 · 2023-01-27T06:11:33+0000

Answer:

The supply curve (S0) for pencils shifts to the left since the price of wood increases, the price of graphite increases, and the price of rubber increases this will cause a leftward shift in the supply curve for pencils

Step-by-step explanation:

Suppose there is an increase in the price of wood. We would expect the supply curve for pencils to.

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