If Both Producers and Consumers Believe That a Product's Price

question 136

Multiple Choice

If both producers and consumers believe that a product's price will rise in the future,then at the present,demand ________ and supply ________.

• A) increases; increases
• B) decreases; decreases
• C) increases; decreases
• D) decreases; increases
• E) does not change; does not change

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Definitions:

Sports Venue

A location or facility designed for hosting sports events and activities.

Fast-Food

Food that is prepared and served quickly, often at low cost and with minimal service, typically in standardized portions.

World Economic Forum

An international organization for public-private cooperation, known for its annual meeting in Davos, Switzerland, which gathers political, business, cultural, and other leaders to shape global agendas.

Gross Domestic Product

The total monetary value of all finished goods and services produced within a country's borders in a specific time period.