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Suppose the market for mechanical pencils experiences the following event: The cost of plastic (an input into the production of a mechanical pencil) increases. What

Suppose the market for mechanical pencils experiences the following event: The cost of plastic (an input into the production of a mechanical pencil) increases. What will be the effect on the equilibrium? multiple choice an increase in supply.. an increase in the quantity supplied.. a decrease in supply.. a decrease in the quantity supplied

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