Ask Question
26 September, 00:47

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. 26 September, 00:50
    0
    B. Plastic to decrease
  2. 26 September, 00:59
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers