If the Demand Curve for Bottled Water Shifts Leftward and the Supply

question 380

Multiple Choice

If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts leftward, the equilibrium

• A) price of bottled water definitely increases.
• B) quantity of bottled water definitely decreases.
• C) price of bottled water definitely decreases.
• D) quantity of bottled water definitely increases.

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Definitions:

Functional Theory

a theory that explains how aspects of society operate to fulfill necessary functions, maintaining social stability and equilibrium.

Attitudes

Refers to psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Utilitarian Function

The practical or useful role served by an object, system, or behavior, typically aimed at satisfying basic needs or accomplishing tasks.

Functional Theory

A theoretical perspective that explains how and why specific social, psychological, or physiological functions contribute to individual or societal stability.