If the Expected Future Price of Oil Falls, Then

question 34

Multiple Choice

If the expected future price of oil falls, then

• A)the current equilibrium price and quantity will both fall.
• B)the current equilibrium price will fall and the current equilibrium quantity will fall.
• C)the equilibrium price and quantity will not change.
• D)the equilibrium price will fall but the change in the equilibrium quantity will depend on whether the demand change outweighs the supply change.

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