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 demanded and the quantity supplied of titanium increase.
D) The demand curve shifts to the left.

Question

Quizplus · Accepted Answer

In anticipation of higher future prices, suppliers may hold back supply, causing the supply curve to shift to the left.

In February, Market Analysts Predict That the Price of Titanium