If Both Buyers and Sellers Expect the Price of a Commodity

question 13

Multiple Choice

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

• A) will fall, cannot be predicted
• B) will rise, cannot be predicted
• C) cannot be predicted, will fall
• D) cannot be predicted, will rise

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Definitions:

Taste Buds

Small sensory organs on the tongue and other parts of the mouth that are responsible for detecting the five basic tastes: sweet, sour, bitter, salty, and umami.

Difficulty Eating

Trouble or discomfort experienced while attempting to consume food, which can result from various medical or psychological conditions.

Stroke

A medical condition caused by a disturbance in blood supply to the brain, leading to brain damage and loss of function.

Special Devices

Equipment or apparatus designed to perform or assist in specific tasks, often for individuals with disabilities or special needs.