This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: After a hurricane in Florida knocked out the regional water supply for several days, the demand for ... (Read 75 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased sharply. In a market economy, how will this increase in demand affect the equilibrium price and quantity of bottled water?
 a. Price will increase, and quantity will decrease.
  b. Price will decrease, and quantity will decrease.
  c. Price will decrease, and quantity will increase.
  d. Price will increase, and quantity will increase.

Question 2

Each year around Valentine's Day, we would expect:
 a. the demand for roses to increase. b. the price of roses to increase.
  c. the quantity of roses sold to increase. d. all of these.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Gracias!

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Evidence of regional continuity: (a) The anatomically modern Willandra Lakes Hominid 50 calvaria fro Evidence of regional continuity: (a) The anatomically modern Willandra Lakes Hominid 50 calvaria fro
Annual Water Use in the United States Annual Water Use in the United States
Mars with water Mars with water
Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc
A 400-g piece of metal at 120°C is dropped into a cup containing 450 g of water A 400-g piece of metal at 120°C is dropped into a cup containing 450 g of water
A tsunami (tidal wave) traveling across deep water can have a speed of 750 km/h k m / h and a ... A tsunami (tidal wave) traveling across deep water can have a speed of 750 km/h k m / h and a ...
Video: Pasteur's Experiment

For a complete list of videos, visit our video library