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Newspaper recycling has been highly successful, perhaps too successful, given that many households gather and return their newspapers to recycling centers
Newspaper recycling has been highly successful, perhaps too successful, given that many households gather and return their newspapers to recycling centers. The amount of newspapers recycled has dramatically increased along with the number of recycling plants. Yet newspapers prefer regular newsprint over recycled newsprint, so the demand for recycled newsprint has remained essentially unchanged. The result of this for the recycled newsprint market is:
a. an increase in the supply and a higher price for recycled newsprint.
b. an increase in the supply and a lower price for recycled newsprint.
c. a decrease in the supply and a higher price for recycled newsprint.
d. a decrease in the supply and an increase in the demand for recycled newsprint.
Expert Solution
The answer is b. an increase in the supply and a lower price for recycled newsprint.
- This is because there is more recycled newspaper available and, since demand is unchanged, the net effect is a shift of the supply curve to the right and a decrease in price for recycled newspaper.
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