Attempts are being made to use agricultural produce, such as potatoes, to create a biodegradable plastic.If these attempts are successful, what will happen to the equilibrium price and quantity of potatoes?

Question

Quizplus · Accepted Answer

If agricultural produce like potatoes is used to create biodegradable plastic, the demand for potatoes will increase. This increased demand will likely lead to a higher equilibrium price and quantity, as suppliers respond to the higher prices by bringing more potatoes to market.

Attempts Are Being Made to Use Agricultural Produce, Such as Potatoes