Homework Answers
According to given question firstly it should be understood that paper which is an raw material that is used for production of books
So it is from the supply side
All the options carrying shift of demand will be eliminated
Hence figure B and A are not the answers
NOW WHEN there is rise in the price of paper it means it will cost high to produce and this will cause the less supply of books in the market
This will result in the shift of supply curve to the left which is clearly shown by figure D
Hence the correct answer here is figure D
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