In October, Market Analysts Predict That the Price of Platinum

question 150

Multiple Choice

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 demanded and the quantity supplied of platinum increase.
• D) The demand curve shifts to the right.

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Definitions:

Reasonable Estimate

An approximation or educated guess based on available information and sound judgment, considered to be fair under the circumstances.

Breaches

Acts of breaking or failing to observe a law, agreement, or code of conduct.

Specify

To clearly identify or describe something in detail.

Pastuerizing Equipment

Machinery used in the pasteurization process to sterilize food and drink products, such as milk, by heating them to eliminate pathogens.