Suppose the price of water rose sharply. Other things constant, what is the least likely to occur?
A) People will consume less water.
B) Fewer swimming pools will be filled with water.
C) More high-pressure showerheads will be sold.
D) The demand for water will fall.
D
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A family on a trip budgets $800 for sit-down restaurant meals and fast food. The family can buy 16 restaurant meals if they don't buy any fast food. What is the price of a restaurant meal for the family?
a. $5 b. $16 c. $20 d. $50 e. it is impossible to tell from the information given
The sequence of events following an increase in the federal deficit would be higher interest rates, a(n)
a. depreciating dollar, and a larger current account deficit. b. depreciating dollar, and a smaller current account deficit. c. appreciating dollar, and a larger current account deficit. d. appreciating dollar, and a smaller current account deficit.