Economics homework help needed

timer Asked: Oct 27th, 2015

Question description

Petroleum is an input for plastic bottles. Suppose the price of petroleum decreases and, at the same time, a study linking plastic bottles to health problems receives publicity. Which of the following should one expect in the market for plastic bottles?

Demand to increase, supply to increase, and quantity exchanged to decrease

Demand to increase, supply to decrease, and price to increase

Demand to decrease, supply to increase, and price to decrease

Demand to decrease, supply to decrease, and quantity exchanged to decrease

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