Because new plastic and recycled plastic are substitutes, as the price of newly produced plastic decreases
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.
A
Economics
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Which of the following statements is TRUE?
A) Labor is always a variable input. B) Capital is always a fixed input. C) Materials are always variable inputs. D) None of the above.
Economics
A supply schedule is determined by the wishes of
A. sellers. B. buyers. C. sellers and buyers. D. neither sellers or buyers.
Economics