Solved

If Both Producers and Consumers Believe That a Product's Price

Question 231

Multiple Choice

If both producers and consumers believe that a product's price will rise in the future,then at the present,the equilibrium price


A) does not change.
B) rises.
C) falls.
D) might rise, fall, or not change, but the change can never be predicted.
E) might rise, fall, or not change depending on whether the effect from the producers is greater than or less than the effect from the consumers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions