A successful cartel ____ supply so that member firms earn ____ profits

Improved technology has reduced the risk of grain loss during storage. If wheat farmers expect wheat prices to rise substantially in about four months from now, which of the following is likely to be true?

a. The current supply of wheat will decline, as farmers store wheat in anticipation of the higher prices. b. The price of wheat breads is likely to decline in the future. c. The expectation of higher prices in the future is unlikely to have any impact on current wheat supply. d. The supply of wheat is likely to increase immediately.

Refer to the table. The after-tax MPC in the economy shown is:

A.  .5.
B.  .67.
C.  .75.
D.  .8.