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The Graph Illustrates the Market for Bottled Water

Question 97

Multiple Choice

   The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, the quantity demanded is<sub>--------------------</sub> the quantitysupplied and the price of the good will <sub>--------------------</sub> . A) greater than; fall B) equal to; fall C) greater than; rise D) less than; rise E) less then; fall

The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, the quantity demanded is-------------------- the quantitysupplied and the price of the good will -------------------- .


A) greater than; fall
B) equal to; fall
C) greater than; rise
D) less than; rise
E) less then; fall

Correct Answer:

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