If Both Buyers and Sellers Expect the Price of a Commodity

question 81

Multiple Choice

If both buyers and sellers expect the price of a commodity to fall in the future, it is likely that the market clearing price ________ and the equilibrium quantity ________.

• A) will fall, cannot be predicted
• B) will rise, cannot be predicted
• C) cannot be predicted, will fall
• D) cannot be predicted, will rise

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Definitions:

Epigenetics

The study of how environmental factors affect genes and genetic expression—enhancing, halting, shaping, or altering the expression of genes.

Environmental Factors

External elements including physical, social, and cultural that can influence an individual's development and health.

Gene Expression

The process by which information from a gene is used in the synthesis of a functional gene product, such as proteins, influencing an organism's structure and functions.

Proteins

Large biomolecules, or macromolecules, composed of one or more long chains of amino acid residues, crucial for various biological functions.