Speculators who expect a corn harvest next fall much larger than anyone now anticipates will
A) lower current corn prices and raise September prices above what they would be in the absence of the speculators.
B) lower current corn prices and lower September prices below what they would be in the absence of the speculators.
C) raise current corn prices and lower September prices below what they would be in the absence of the speculators.
D) raise current corn prices and raise September prices above what they would be in the absence of the speculators.
E) raise the expected September price of corn.
B
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Indirectly, overvalued exchange rates in Latin America caused
A) a capital shortage in agriculture. B) a capital shortage in industry. C) a capital abundance in agriculture. D) a growth in incomes in rural areas. E) an increase in competitive pressures faced by industry.
If new firms enter a monopolistically competitive industry, the demand facing a typical firm increases
a. True b. False Indicate whether the statement is true or false