The US Postal Service Printed 150,000 Sheets of a Stamp Depicting

Multiple Choice

The U.S. Postal Service printed 150,000 sheets of a stamp depicting Bill Pickett, but recalled them when the USPS realized the image on the stamp was Bill's brother, Ben, instead. They were unable to recall 183 sheets that had already been sold. The effect of this recall was to:

A) drastically reduce the demand for the stamps, causing their equilibrium price to fall.
B) have no effect on either supply of or demand for the Bill Pickett stamps because there is no market for them.
C) drastically reduce the supply of the Bill Pickett stamps, causing their equilibrium price to rise.
D) drastically reduce the supply of the Bill Pickett stamps, causing their equilibrium price to fall.