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AP® Microeconomics

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Moderate

Supply and Demand: Paper

APMICR-6W1CTO

Which of the following would be most likely to lead to an increased equilibrium price and equilibrium quantity in a perfectly-competitive market for paper?

A

The increased popularity of email and electronic messaging leads people to stop writing letters.

B

Global warming decreases the number of trees, the pulp of which is used to make paper.

C

New technology increases the efficiency of paper production.

D

Extreme couponing leads people to get multiple subscriptions to Sunday newspapers.

E

College professors require that students purchase e-books rather than traditional textbooks,