Business, 24.03.2020 03:26 lmolder1329

Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today?

a. Equilibrium price will decrease; the effect on quantity is ambiguous.
b. Equilibrium quantity will decrease; the effect on price is ambiguous.
c. Equilibrium quantity will increase; the effect on price is ambiguous.
d. Equilibrium price will increase, equilibrium quantity will decrease"

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Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What...

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