Use the following graph to answer the next question. What price will this pure monopoly charge?

Considering the future

A) is irrelevant to macroeconomics. B) is key to macroeconomic modelling. C) has a limited impact on macroeconomic analysis. D) matters only under special circumstances.

A major grocery store chain switches from bagging groceries in paper sacks to bagging them in plastic bags. As a result, the grocery chain demands more plastic bags than are available at the current market price. As a result: a. the market price for paper sacks is likely to increase

b. the market price for plastic bags is likely to increase. c. the quantity of paper sacks purchased by the chain is likely to increase. d. none of the above