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12 October, 21:52

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.

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Answers (2)
  1. 12 October, 23:52
    0
    B. Plastic to decrease
  2. 13 October, 01:09
    0
    Plastic to decrease

    Explanation:

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