Question

A major grocery store chain switches from bagging groceries in paper sacks to bagging them in plastic bags. As a result, the grocery chain demands more plastic bags than are available at the current market price. As a result: a. ​ the market price for paper sacks is likely to increase. b. ​ the market price for plastic bags is likely to increase. c. ​ the quantity of paper sacks purchased by the chain is likely to increase. d. ​ none of the above

Answer 1

Answer: B. The market price for plastic bags is likely to increase.

Explanation: one of the theory of Demand states that there is going to be a rice in price of a given product,of the demand of that product increases without a corresponding rice in the supply of that product.

At the current market price,the demand has increased due to the switch from paper sacks to plastic bags. Since the Demand is greater than Demand manufacturers will likely increase the price of the plastic bags (INFLAMMATION),this likely to happen in a free market economy where market forces such as Demand,Supply,price influence market trends.

Answer 2

ANSWER:

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(if u don’t understand its b)