Need economics help with a city that placed a ban on plastic bags On August 1 of this year

Economics
Tutor: None Selected Time limit: 1 Day

These new bags cost about 10 cents more than the old bags. If the average customer uses 5 bags per purchase (the Q) from a store, draw a representative Supply and Demand curve to represent the impact on the market for these large retail outlets. Discuss the important insights from this graph.

Jan 1st, 2016

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P1 is for old and the Q1 is old quantity


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Jan 1st, 2016

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