When the Expected Future Price of a Good Rises

question 64

Multiple Choice

When the expected future price of a good rises,

• A)sellers increase their willingness to sell.
• B)consumers increase their willingness to buy, or "stock up".
• C)consumers decrease their willingness to buy, or "draw down".
• D)sellers' willingness to sell remains unchanged.

---

Definitions:

Fertilize Farmland

The addition of nutrients to agricultural soils to enhance plant growth and crop yields.

Exxon Valdez

An oil tanker whose 1989 spill off the coast of Alaska is considered one of the world's worst environmental disasters, causing extensive ecological damage.

Point Source

A single, identifiable source of pollution, such as a pipe or smokestack, that discharges pollutants into the environment.

Untreated Sewage

Wastewater and human wastes that have not been processed or cleaned, often containing harmful pollutants and pathogens.