Multiple Choice
The price of good XYZ has a pricing pattern such that P = $50 on Monday through Thursday of every week,and P = $65 on Fridays.If speculators begin participating in the market for good XYZ,their actions will likely lead to a(n) ______________ in the price of good XYZ on Monday through Thursday and a(n) _______________ in the price of good XYZ on Friday.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
Correct Answer:
Verified
Correct Answer:
Verified
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