Because new plastic and recycled plastic are substitutes, as the price of newly produced plastic increases,
A) the demand curve for recycled plastic shifts to the left.
B) there is a movement up along the demand curve for recycled plastic.
C) there is a movement down along the demand curve for recycled plastic.
D) the demand curve for recycled plastic shifts to the right.
D
Economics
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Which of the following would cause an increase in the equilibrium price and an increase in the equilibrium quantity of watermelons?
A) an increase in supply and an increase in demand greater than the increase in supply B) an increase in demand and an increase in supply C) a decrease in demand and an increase in supply D) an increase in supply
Economics
According to the above table, the equilibrium price of DVDs is
A) $16. B) $14. C) $12. D) $10.
Economics