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) leftward; supply
C) rightward; supply
D) leftward; demand
Correct Answer:
Verified
Correct Answer:
Verified
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