In February, market analysts predict that the price of titanium will rise in March.What happens in the titanium market in February, holding everything else constant?
A)The supply curve shifts to the right.
B)The supply curve shifts to the left.
C)The quantity of titanium demanded and the quantity of titanium supplied both increase.
D)The demand curve shifts to the left.

Question

Quizplus · Accepted Answer

When sellers expect higher prices in the future, they may reduce current supply to sell more at the higher future prices, causing the supply curve to shift to the left.

In February, Market Analysts Predict That the Price of Titanium