The Actions of Speculators in a Market Tend to Shift

question 121

Multiple Choice

The actions of speculators in a market tend to shift the ____ when the price of the good is low and thereby ____ the price.

• A)demand curve out; raise 
• B)demand curve in; lower 
• C)supply curve out; lower 
• D)supply curve in; raise

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Definitions:

Society

A complex structure of individuals and groups interacting under a shared cultural, economic, and political system.

Leaded Gasoline

Gasoline that contains lead compounds as additives, historically used to improve engine performance but now largely banned due to environmental and health concerns.

Environmental Pollution

The contamination of the physical and biological components of the earth/atmosphere system to such an extent that normal environmental processes are adversely affected.

Scarcity

The inability of an economy to generate enough goods and services to satisfy all human wants.