In July, market analysts predict that the price of gold will rise in August. What happens in the gold market in July, holding everything else constant?
A) The demand curve shifts to the left.
B) The supply curve shifts to the left.
C) The quantity demanded and the quantity supplied increase.
D) The supply curve shifts to the right.
B
Economics
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Which of these is the most common measure of inflation used by the U.S. Bureau of Labor Statistics?
a. The Employment Cost Index b. The Consumer Price Index c. The Producer Price Index d. The GDP deflator
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Whether a good is a luxury or necessity depends on the
a. price of the good. b. preferences of the buyer. c. intrinsic properties of the good. d. scarcity of the good.
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