Ask Question
19 January, 15:19

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.

+5
Answers (2)
  1. 19 January, 15:42
    0
    B. Plastic to decrease
  2. 19 January, 18:31
    0
    Plastic to decrease

    Explanation:

    A positive relationship subsists between price and quantity supplied, and a negative relationship subsists between price and quantity demanded.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers