Refer to the figure above. What is the equilibrium quantity of bottled water?
A) 10 units
B) 20 units
C) 30 units
D) 40 units
Question 2
According to economic theory, the democratic political processes tend to produce
A) unstable aggregate demand policies with a bias toward expansion.
B) unstable aggregate demand policies with a bias toward contraction.
C) stable aggregate demand policies, but only if economists are elected to office.
D) stable aggregate demand policies that are in the best interests of the nation as a whole.
E) economic policies that harm everybody.
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