If both producers and consumers believe that a product's price will rise in the future then,in the present,the equilibrium price
A) does not change.
B) falls.
C) rises.
D) might rise,fall or not change,but the change can never be predicted.
E) might rise,fall or not change depending on whether the effect from the producers is greater than or less than the effect from the consumers.
Correct Answer:
Verified
Q121: Suppose the government imposes a rent ceiling
Q122: Q123: Suppose a medical study reveals new benefits Q124: Q125: Consider the market for feather pillows.If the Q127: If there is a surplus of a Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()