If the demand curve for bottled water shifts rightward and the supply curve of bottled water shifts leftward, the equilibrium

Question

Quizplus · Accepted Answer

When the demand curve shifts rightward, it indicates an increase in demand, and when the supply curve shifts leftward, it indicates a decrease in supply. Both of these movements will lead to an increase in the equilibrium price of bottled water, as the reduced supply cannot meet the increased demand at the original price, pushing prices up.

If the Demand Curve for Bottled Water Shifts Rightward and the Supply