Suppose That in October, Market Analysts Predict That the Price

question 15

Multiple Choice

Suppose that in October, market analysts predict that the price of platinum will fall in November.What happens in the platinum market in October, holding everything else constant?

• A)The supply curve shifts to the right.
• B)The supply curve shifts to the left.
• C)The quantity of platinum demanded and the quantity of platinum supplied both increase.
• D)The demand curve shifts to the right.

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Definitions:

Impermeable

The quality of a material or membrane that does not allow fluids or gases to pass through it.

Oozing Lesions

Refers to wounds or sores that exude fluid, often seen in infections or skin conditions.

Honey-Colored Crust

A description typically used for the appearance of sores or lesions, often associated with impetigo, that form a golden-yellow crust.

Contagious

The characteristic of a disease that allows it to be transmitted from one individual to another through direct or indirect contact.