The Advancement of Computers Has Increased the Productivity of a Paper

question 114

Multiple Choice

The advancement of computers has increased the productivity of a paper mill.How will this likely affect the supply of paper? It will likely cause:

• A) a rightward shift in the supply of paper.
• B) a leftward shift in the supply of paper.
• C) a shift straight up in the supply of paper.
• D) no shift, but a movement along the supply curve.

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Definitions:

Physical Existence

The state of having a real, tangible presence in the physical world.

Private Property

Land or belongings owned by individuals or entities that are not the government, encompassing exclusive rights of use and disposal.

Warehouseman

A person or company involved in the business of storing goods for others in a warehouse for compensation.

Bailor

An individual who temporarily transfers possession but not ownership of a property or good to another, known as the bailee.