Consider the market for bottled water. If the nearby water source is contaminated by a flooding,...

Consider the market for bottled water. If the nearby water source is contaminated by a flooding, we can expect the following change in the bottled water market.

A decrease in demand

An increase in demand

An increase in supply

A decrease in supply

Solutions

Expert Solution

An increase in demand

Explanation :

Because of contaminated of water, now people have less pure water thus they will demand more water and thus demand for bottled water will increase.

Rahul Sunny answered 2 years ago

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