Honus Wagner, a major league baseball player from 1897 to 1917 and one of the first five men inducted into the Baseball Hall of Fame, had his baseball card pulled from cigarette packs because he wasn't being paid for their distribution. What best describes the effect of his action on the market for his baseball card?

A. Demand shifted to the left, price fell, and supply fell.
B. Supply shifted to the left, price rose, and quantity demanded fell.
C. Demand shifted to the left, price fell, and quantity supplied fell.
D. Supply shifted to the left, price rose, and demand shifted to the left.


Answer: B

Economics

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