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After a tornado in Oklahoma caused the regional water supply to break down for over a week, economists noticed that the demand for bottled water
After a tornado in Oklahoma caused the regional water supply to break down for over a week, economists noticed that the demand for bottled water increased. How will this natural disaster affect the equilibrium price and quantity of bottled water?
Price will increase, and quantity will decrease.
Price will decrease, and quantity will increase.
Price will increase, and quantity will increase
Price will decrease, and quantity will decrease.
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