Oil is a main component in the manufacture of plastic bags. If the price of oil were to increase, the price of plastic bag would. and the supply of plastic bag would O A) increase; increase O B) decrease; decrease C) increase; decrease OD) decrease; increase

Oil is a main component in the manufacture of plastic bags. If the price of oil were to increase, the price of plastic bag would. and the supply of plastic bag would O A) increase; increase O B) decrease; decrease C) increase; decrease OD) decrease; increase

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...

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Question

Oil is a main component in the manufacture of plastic bags. If the price of oil were
to increase, the price of plastic bag would.
and the supply of plastic bag
would
O A) increase; increase
O B) decrease; decrease
C) increase; decrease
OD) decrease; increase

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