Suppose that Chicago, Illinois, announced one year ago that tap water was not safe to drink. As a result, citizens began to only consume bottled water. Today, city officials announced that thanks to a new filtration system, the water is now certified as pure and safe to drink and no further problems are expected.

Suppose that Chicago, Illinois, announced one year ago that tap water was not safe to drink. As a result, citizens began to only consume bottled water. Today, city officials announced that thanks to a new filtration system, the water is now certified as pure and safe to drink and no further problems are expected. Describe the shifts (if any) in the demand and supply curves for bottled water that we should expect to see over the next few days and weeks assuming suppliers of bottled water can easily enter and exit the market. Both curves should shift to the right O a ob. Both curves should shift to the left. The demand curve should shift to the left, and the supply curve should not shift. O d. The demand curve should shift to the right, and the supply curve should not shift Oe. The demand curve should shift to the right, and the supply curve should shift to the left Of The demand curve should shift to the left, and the supply curve should shift to the right.

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