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Oil is an important input in producing plastic. If the price of oil increases, all else equal, we expect the supply of: a. plastic to be unaffected. b. plastic to decrease. c. plastic to increase. d. oil
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Oil is an important input in producing plastic. If the price of oil increases, all else equal, we expect the supply of: a. plastic to be unaffected. b. plastic to decrease. c. plastic to increase. d. oil to decrease.

User Tocco
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2 Answers

1 vote
b. Plastic to decrease
User VanThaoNguyen
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1 vote

Answer:

Plastic to decrease

Step-by-step explanation:

A positive relationship subsists between price and quantity supplied, and a negative relationship subsists between price and quantity demanded.

User Noich
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