A factory forges plastic furniture, and the process produces small plastic beads that can be used as filler for items such as bean bag chairs. A decrease in the price of plastic furniture will cause: a. an increase in the supply of plastic furniture. b. a decrease in the supply of plastic furniture. c. an increase in the supply of plastic beads. d. a decrease in the supply of plastic beads.
A factory forges plastic furniture, and the process produces small plastic beads that can be used as filler for items such as bean bag chairs. A decrease in the price of plastic furniture will cause: a. an increase in the supply of plastic furniture. b. a decrease in the supply of plastic furniture. c. an increase in the supply of plastic beads. d. a decrease in the supply of plastic beads.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 5CQQ
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QUESTION 89
A factory forges plastic furniture, and the process produces small plastic beads that can be used as filler for items such as bean bag chairs. A decrease in the price of plastic furniture will cause:
a. |
an increase in the supply of plastic furniture. |
|
b. |
a decrease in the supply of plastic furniture. |
|
c. |
an increase in the supply of plastic beads. |
|
d. |
a decrease in the supply of plastic beads.
|
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