Multiple Choice
Water bottlers announce that next month the price of bottled water will rise by 25 percent.Which of the following occurs immediately?
A) The quantity of bottled water demanded increases.
B) The quantity of bottled water demanded decreases.
C) The demand for bottled water decreases.
D) The demand for bottled water increases.
E) None of the above answers is correct because it is the supply that immediately changes, not the demand.
Correct Answer:
Verified
Correct Answer:
Verified
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