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The Graph Illustrates the Market for Bottled Water

Question 75

Multiple Choice

The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, the quantity demanded is ________ the quantity supplied and the price of the good will ________. A) equal to; fall B) greater than; fall C) less than; fall D) greater than; rise E) less than; rise The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, the quantity demanded is ________ the quantity supplied and the price of the good will ________.


A) equal to; fall
B) greater than; fall
C) less than; fall
D) greater than; rise
E) less than; rise

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