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An Increase in the Price of Plastic Raises the Cost

question 34

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An increase in the price of plastic raises the cost of manufacturing VCRs. As a result, the market changes to a new equilibrium because of


Definitions:

Biome

A large community of plants and animals that occupies a distinct region defined by its climate, soil, and vegetation types.

Mangroves

Tropical plants that grow in saline coastal waters, known for their complex root systems that provide habitats for a variety of organisms.

Intertidal

The coastal zone between high and low tide lines, experiencing both marine and terrestrial conditions.

Pelagic Zone

The open ocean area away from the coastal regions, covering the water column not located on the sea bed.

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