In volatile markets, "speculators" would be expected to provide some stability because:
a. they will be required to do so by the government.
b. they will use current price moves to predict future moves.
c. they will buy when price is below equilibrium and sell when it is above equilibrium.
d. they will buy when price is above equilibrium and sell when it is below equilibrium.
c
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A decrease in quantity demanded because of an increase in price is represented by a
A) rightward shift of the demand curve. B) leftward shift of the demand curve. C) movement up and to the left along the demand curve. D) movement down and to the right along the demand curve.
A rise in foreign productivity tends to __________ foreign prices and causes the dollar to __________ relative to the foreign currency
A) raise; appreciate B) raise; depreciate C) lower; appreciate D) lower; depreciate