Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today?
a. The impact on both price and quantity is ambiguous.
b. Price will increase; quantity is ambiguous
c. Price will increase; quantity will increase
d. Price will increase; quantity will decrease
e. Price will decrease; quantity is ambiguous.
b. Price will increase; quantity is ambiguous.
Economics
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Countries with high wages cannot export to low wage countries
Indicate whether the statement is true or false
Economics
All of the following are roles of a exchange EXCEPT
A) instituting margin requirements on futures contracts. B) marking to market at the end of each day. C) eliminate the need for buyers and sellers of futures contracts to be concerned about the creditworthiness of each other. D) reducing the default risk involving forward contracts.
Economics