Question 1

Explain the difference between a change in supply (or demand) and a change in quantity supplied (or demanded).

Question 2

I was wondering what some examples of future expectations may be from the citizens? For example, may future expectations of the water usage going up or the water prices lower? I understand that you said that the sellers anticipate a cheaper price but why would that cheaper price be necessary for the future? If you could add some details about that I would love to read your input on that. Nonetheless, you have answered these questions wonderfully.