Question: Consider this headline New pollution reduction measures raise the cost of making plastics. How will this affect the market for plastics? Group of answer choices
Consider this headline "New pollution reduction measures raise the cost of making plastics". How will this affect the market for plastics? Group of answer choices The lower supply of plastics decreases the equilibrium quantity of plastics in the market. The supply of plastics decreases, increasing its market price. The demand for plastics will not be affected by the higher cost of producing plastics. All the answers are correct
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