If Producers Expect the Price of a Good to Fall

question 204

Multiple Choice

If producers expect the price of a good to fall in the future, they might:

• A) raise the price of the good today.
• B) hoard goods to save them for when the price is lower.
• C) increase their supply of goods out of storage today.
• D) increase the demand for their goods today.

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Definitions:

Matriarchal Authority

Social systems or practices where females, especially mothers, have primary power and authority in decision-making.

Education of Freedpeople

The process of providing education to formerly enslaved individuals following the Civil War in the United States.

Freedmen's Bureau

A U.S. federal government agency established in 1865 to assist freed slaves in the South during the Reconstruction period after the Civil War.

White Leagues

Paramilitary groups that formed in the Southern United States during the Reconstruction era, aiming to use violence and intimidation to restore white supremacy and overthrow Republican governments.