If the Supply of Bottled Water Decreases and at the Same

question 27

Multiple Choice

If the supply of bottled water decreases and at the same time the demand for bottled water increases, the equilibrium price ________ and the equilibrium quantity ________.

• A) might rise, fall, or stay the same; decreases
• B) might rise, fall, or stay the same; increases
• C) falls; increases
• D) rises; might increase, decrease, or stay the same

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Definitions:

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