Question 4
What happens to the market for tap water in Atlanta?
Less water available => supply shifts to the right (out) => prices down, quantities up
More water available => supply shifts to the left (in) => prices up, quantities down
Less water available => supply shifts to the left (in) => prices up, quantities down
More water available => supply shifts to the right (out) => prices down, quantities up
Nothing happens to the market for tap water in Atlanta (explain if you think this is correct)