Which of the Following Would Most Likely Increase the Supply

question 177

Multiple Choice

Which of the following would most likely increase the supply of college textbooks?

• A) the exit of five major publishers from the industry
• B) an increase in the cost of paper used in the books
• C) an increase in the wage rate of workers associated with printing
• D) an expectation of a price rise in the future
• E) an improvement in the technology used in book production

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Definitions:

Franchise Agreement

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Joint Venture

A collaborative agreement where several participants contribute their resources to fulfill a targeted objective.

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A contract in which one company (the licensor) grants permission to another company (the licensee) to use the licensor’s intellectual property in return for payment.

Ethical Decision

The process of choosing among alternatives in a manner consistent with ethical principles.