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If Both Buyers and Sellers Expect the Price of a Commodity

Question 18

Multiple Choice

If both buyers and sellers expect the price of a commodity to rise in the future,it is likely that equilibrium price will ________ and equilibrium quantity will ________.


A) fall;change very little
B) rise;change very little
C) change very little;fall
D) change very little;rise
E) be the same;be the same

Correct Answer:

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