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
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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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