Water bottlers announce that next month the price of bottled water will rise by 25 percent. Which of the following occurs immediately?
A) The demand for bottled water decreases.
B) The demand for bottled water increases.
C) The quantity of bottled water demanded increases.
D) The quantity of bottled water demanded decreases.
E) None of the above answers is correct because it is the supply that immediately changes, not the demand.
B
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The demand for good X has been estimated to be ln Qxd = 100 ? 2.5 ln PX + 4 ln PY + ln M. The advertising elasticity of good X is:
A. 0.0. B. 1.0. C. ?2.5. D. 4.0.
Which of the following statements is consistent with an increase in supply?
A) The price of labor input has increased. B) There has been an advance in technology. C) Consumers' incomes have increased. D) The market price has decreased.
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. After firms can respond to the payroll tax, the per-hour equilibrium wage paid by firms ________ compared to the original equilibrium wage.
A. decreases by $2 B. increases by $3 C. decreases by $5 D. increases by $5
Refer to the information provided in Figure 26.8 below to answer the question(s) that follow.
Figure 26.8Refer to Figure 26.8. If the economy is at point A currently producing Y0 and the Z factors increase, the economy will move to Point ________ in the short run and to Point ________ in the long run.
A. B; C B. C; B C. D; E D. E; D