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Author Question: The consumption of bottled water increased dramatically during the 1990s. If consumers' utility ... (Read 92 times)

ericka1

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on: May 24, 2019
The consumption of bottled water increased dramatically during the 1990s. If consumers' utility schedules for water remained constant over this time period, in order for consumers to stay in equilibrium, the price of bottled water must have
◦ risen because marginal utility increased since people consumed more bottled water.
◦ fallen.
◦ remained constant because the marginal utility schedule did not change.
◦ risen because the supply of water must have increased.
◦ We don't have enough information to say what happened to the price.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by ericka1 on May 24, 2019

jaaaaaaa

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ericka1

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Reply #2 on: May 24, 2019
Excellent


jaaaaaaa

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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