Water Bottlers Announce That Next Month the Price of Bottled

question 1

Multiple Choice

Water bottlers announce that next month the price of bottled water will rise by 25 percent. Which of The following occurs immediately?

• A)The quantity of bottled water demanded increases.
• B)The demand for bottled water increases.
• C)The demand for bottled water decreases.
• D)The quantity of bottled water demanded decreases.
• E)None of the above answers is correct because it is the supply that immediately changes, not the demand.

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Definitions:

Hour

A unit of time equivalent to 60 minutes or 1/24th of a day.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

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A verbal form of discipline where an individual is verbally warned or criticized for inappropriate behavior or performance.

Punishment

The imposition of a penalty or disadvantage as a result of an action considered wrong or undesirable.