Examlex

Solved

Below Is the Hypothetical Demand for Water in a Particular

question 134

Multiple Choice

Below is the hypothetical demand for water in a particular country (price per 50 liters) :
Below is the hypothetical demand for water in a particular country (price per 50 liters) :    -Refer to the above information to answer this question.Suppose that the present supply of 120 is cut by 80.What effect will this have on the price? A) The price will fall by $2. B) The price will fall by $3. C) The price will increase by $2. D) The price will increase by $3. E) Cannot be determined.
-Refer to the above information to answer this question.Suppose that the present supply of 120 is cut by 80.What effect will this have on the price?


Definitions:

Personal Growth

An ongoing process of understanding and developing oneself in order to achieve one's fullest potential.

Community Feeling

A sense of belonging and mutual support within a group or society.

Intrinsic

Relating to the essential nature of something or motivated by internal rewards rather than external pressures.

Flow

The experience of being completely absorbed in an activity, where the individual feels a mix of heightened attention, total engagement, and joy.

Related Questions