Particleboard is made, in part, from sawdust. The market for particleboard is worldwide and is perfectly competitive. Suppose that you are a manager of a firm like Collins Products, located in Klamath Falls, Oregon, when the price of sawdust falls from $75 per ton to $50 per ton. In the short run, how will you respond to this fall in price? What do you expect will happen to the price of particleboard? In the short run, what do you expect will happen to your company’s profit? Draw a graph to support your answer.