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

Question

Quizplus · Accepted Answer

When analysts predict a future price drop, sellers may want to sell more now before prices fall, increasing current supply and shifting the supply curve to the right.

Suppose That in October, Market Analysts Predict That the Price