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Suppose the Equilibrium Price of Bottled Water Has Risen from $1.00

question 385

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Suppose the equilibrium price of bottled water has risen from $1.00 per bottle to $2.00 per bottle and the equilibrium quantity has increased. These changes are a result of a ________ shift of the ________ curve for bottled water.


Definitions:

Benzene

An aromatic hydrocarbon with a ring of six carbon atoms bonded together in a planar hexagonal ring with alternating single and double bonds.

Bromination

A chemical reaction involving the addition or substitution of bromine to an organic compound, often used in synthesis.

Mononitration

The chemical process of introducing one nitro group (-NO2) to a molecule, commonly used in the synthesis of explosives and various organic compounds.

Major Organic Product

The main product produced in the greatest amount when organic compounds undergo a chemical reaction.

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