If Both Buyers and Sellers Expect the Price of a Commodity

question 18

Multiple Choice

If both buyers and sellers expect the price of a commodity to rise in the future,it is likely that equilibrium price will ________ and equilibrium quantity will ________.

• A) fall;change very little
• B) rise;change very little
• C) change very little;fall
• D) change very little;rise
• E) be the same;be the same

Interpret and write the standard form of the equation of a hyperbola.

Use a graphing calculator for solving systems of equations.

Identify the center and vertices of hyperbolas from their equations.

Solve systems of equations by the method of elimination.

---

Definitions:

Wagner Act

A foundational statute in United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Taft-Hartley Act

A United States federal law that restricts the activities and power of labor unions.

Health Care Organizations

Entities that provide medical services, support, and information to patients and can include hospitals, clinics, and insurance companies.

Union Representation

The act of labor unions representing the interests of workers in negotiations with employers regarding wages, working conditions, benefits, and other employment terms.