-In the Figure, the Equilibrium Price Is Initially $3 Per

question 130

Multiple Choice

-In the figure, the equilibrium price is initially $3 per bushel of wheat. If suppliers come to expect that the price of a bushel of wheat will rise in the future, but buyers do not, the current equilibrium price will

• A) rise.
• B) not change.
• C) fall.
• D) Perhaps rise, fall, or stay the same, depending on whether there are more demanders or suppliers in the market.

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