If both buyers and sellers expect the price of a commodity to rise in the future, it is likely that the market clearing price ________ and the equilibrium quantity ________
A) will fall, cannot be predicted
B) will rise, cannot be predicted
C) cannot be predicted, will fall
D) cannot be predicted, will rise
Answer: B
You might also like to view...
Holding money as a store of value instead of other assets is
A) the capital demand for money. B) the asset demand for money. C) the precautionary demand for money. D) the transactions demand for money.
The sole owner of an unincorporated business unable to pay its debts
A. may be sued by the people to whom the business owes money. B. may be forced to pay them out of the owner’s own bank account. C. may be forced to sell the owner’s personal property to pay those debts. D. All of these responses are correct.
Legalizing/ Taxing Drugs
What will be an ideal response?
Other things equal, the level of bilateral trade between two countries will increase as their GDP:
a. rises. b. falls. c. stays the same. d. becomes less equal.