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

Author Question: The consumption of bottled water increased dramatically during the 1990s. If consumers' utility ... (Read 64 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ericka1 on May 24, 2019

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
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.
Answer Preview
Only 29% of students answer this correctly


ericka1

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: May 24, 2019
Excellent


jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Water-conducting cells of the xylem. Water-conducting cells of the xylem.
Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba
Increased risk of trisomy with maternal age. Increased risk of trisomy with maternal age.
The proportion of U.S. adults in the workforce has increased slightly for older age groups over the ... The proportion of U.S. adults in the workforce has increased slightly for older age groups over the ...
Waterspouts are tornadoes that occur over warm-water bodies, instead of over land. Waterspouts are tornadoes that occur over warm-water bodies, instead of over land.
Disitive Time For Water Disitive Time For Water
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library