An increase in the expected price of commodity would likely to follow the current supply and demand for commodity. 1.increase both the demand and the supply 2.decrease both the demand and the supply. 3.Increase the demand, but decrease the supply. 4.increase the supply, but decrease the demand.
An increase in the expected price of commodity would likely to follow the current supply and demand for commodity. 1.increase both the demand and the supply 2.decrease both the demand and the supply. 3.Increase the demand, but decrease the supply. 4.increase the supply, but decrease the demand.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 2CQQ
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An increase in the expected price of commodity would likely to follow the current supply and demand for commodity.
1.increase both the demand and the supply
2.decrease both the demand and the supply.
3.Increase the demand, but decrease the supply.
4.increase the supply, but decrease the demand.
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