In which of the following cases was the firm found not guilty of violating the Sherman Act?

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

A) price of bottled water definitely increases. B) price of bottled water definitely decreases. C) quantity of bottled water definitely increases. D) quantity of bottled water definitely decreases.

The circular flow model demonstrates

A) the role of the government in overseeing the market system. B) the roles played by households and firms in the market system. C) how demand and supply for goods and services are brought into equilibrium. D) how shortages and surpluses are eliminated in a market.