Because new plastic and recycled plastic are substitutes,as the price of newly produced plastic increases,
A)the demand curve for recycled plastic shifts to the left.
B)the demand curve for recycled plastic shifts to the right.
C)there is a movement up along the demand curve for recycled plastic.
D)there is a movement down along the demand curve for recycled plastic.

Question

Quizplus · Accepted Answer

When the price of newly produced plastic increases, consumers will look for substitutes, such as recycled plastic, leading to an increase in demand for recycled plastic. This causes the demand curve for recycled plastic to shift to the right.

Because New Plastic and Recycled Plastic Are Substitutes,as the Price