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

question 272

Multiple Choice

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

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

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Definitions:

Heuristics

Simple, efficient rules, either hard-coded by evolutionary processes or learned, that help in making decisions, forming judgments, and solving problems.

Fixation

An unhealthy focus or attachment to an object, person, or concept, which can interfere with normal psychological development or behavior.

Phonemes

The smallest units of sound in a language that distinguish one word from another.

Morphemes

The smallest meaningful units of language that convey specific semantic meaning, which can be words or parts of words.