What would happens to the quantity demanded if the price of bottled water rose from $1.00 to $1.50? A. Quantity demanded will increase and there will be a shortage. B. Quantity demanded will increase and there will be a surplus. C. Quantity demanded will decrease and there will be a surplus.

Price Supply $4 M 3 2 Demand 40 50 60 Quantity If the price starts out at $4, what will surely happen over time? a) The quantity supplied will fall, quantity demanded will rise and quantity sold will fall. b) The quantity supplied will fall, quantity demanded will rise and quantity sold will rise. c) The quantity supplied will fall, quantity demanded will fall and quantity sold will rise. d) The quantity supplied will rise, quantity demanded will fall and quantity sold will rise.

Consider the local market for pizza. An increase in the supply of pizza decreases the price of a pizza by 10 percent and pizza lovers increase the quantity they buy from 1,750 pizzas a day to 2,250 pizzas a day. Calculate the price elasticity of demand for pizza. The price elasticity of demand for pizza is

What happened to the equilibrium price and quantity of Chick-fil-A when Popeye's released their chicken sandwich? A. Price decrease, Quantity decrease B. Price decrease, Quantity increase C. Price increase, Quantity decrease D. Price increase, Quantity increase