If Some Piece of Information Causes Buyers to Expect the Price

question 130

Multiple Choice

If some piece of information causes buyers to expect the price of a good to rise in the future,but sellers take the same information and believe it will have no impact on price,the result is

• A) a decrease in supply today
• B) an increase in supply today
• C) a decrease in quantity demanded today
• D) an increase in demand today
• E) an increase in quantity demanded today

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Definitions:

Identical Twins

Twins resulting from the splitting of a single fertilized egg, sharing the same genetic material and typically having very similar appearances and biological characteristics.

Totipotent

A term describing a cell or nucleus that contains the complete set of genetic instructions required to direct the normal development of an entire organism. Compare with pluripotent.

Pluripotent

A term describing a stem cell that can divide to give rise to many, but not all, types of cells in an organism. Compare with totipotent.

Embryonic Stem

Embryonic stem cells are undifferentiated cells that can differentiate into various cell types and have the potential for unlimited, or prolonged, self-renewal.