An Asset Market Is Said to Experience a Speculative Bubble

Multiple Choice

An asset market is said to experience a speculative bubble when

A) the price of the asset rises above what appears to be its fundamental value.
B) the price of the asset appears to follow a random walk.
C) the market cannot establish an equilibrium price for the asset.
D) the asset is a natural resource and its supply is manipulated by foreign nations and foreign firms.