Author Question: Water bottlers announce that next month the price of bottled water will rise by 25 percent. Which of ... (Read 99 times)

bobypop · **on:** Jun 30, 2018

Water bottlers announce that next month the price of bottled water will rise by 25 percent. Which of the following occurs immediately?

A) The demand for bottled water decreases.
B) The demand for bottled water increases.
C) The quantity of bottled water demanded increases.
D) The quantity of bottled water demanded decreases.
E) None of the above answers is correct because it is the supply that immediately changes, not the demand.

Question 2

Investment includes

A) the New York City Library's purchase of new books.
B) Wal-Mart's purchase of health insurance for its workers.
C) student purchases of laptops.
D) GM's purchase of robotic machinery.
E) wages paid to military personnel.