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

Question 342

Multiple Choice

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.


A) rightward; demand
B) rightward; supply
C) leftward; demand
D) leftward; supply

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