Paper mill wage costs decrease by 18 percent over a year. What is the likely economic effect on the market for paper? Question 4 options: There is a decrease in the cost of producing paper, which shifts the supply curve of paper to the left, thereby decreasing the price of paper. There is a decrease in the cost of producing paper, which shifts the supply curve of paper to the right, thereby decreasing the price of paper. The decrease in wage costs will shift the demand curve for paper to the right, thereby decreasing the cost of paper. There is an increase in the cost of producing paper, which shifts the supply curve of paper to the right, thereby decreasing the price of paper