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If the price of wood increased in Chicago, what would happen to the supply of pencils globally?
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- Mary ContraryLv 77 years ago
Since there are 5715 manufacturers of pencils in China, and seven in the USA, the price of wood in Chicago wouldn't matter much.
- Hugo90Lv 77 years ago
The cost of the wood in a pencil is a tiny part of the cost. It would make no difference.
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