Question

. Which of the following is most likely to cause an increase in equilibrium price and a decrease in equilibrium quantity in the market for plastic dog toys?. A) An increase in consumer incomes.. B) An increase in the cost of electricity.. C) A decrease in employee healthcare costs.. D) An increase in the cost of pet toys made from natural materials.

Answer 1

"An increase in the cost of pet toys made from natural materials" is the one among the following that is most likely to cause an increase in equilibrium price and a decrease in equilibrium quantity in the market for plastic dogtoys. The correct option among all the options that are given in the question is the last option or option "D".