What happens to the supply of houses

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Reference no: EM13859109

Plywood is used in the construction of houses. If the price of plywood rises, what happens to the supply of houses?

a. The supply increases so that the supply curve shifts rightward.

b. The supply decreases so that the supply curve shifts leftward.

c. The quantity supplied decreases but there is no shift in the supply curve.

d. The quantity supplied decreases and the supply curve shifts leftward.

Reference no: EM13859109

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