Suppose both consumers and sellers expect that the price of soursop juice will decrease next month. Everything else held constant, the supply of soursop juice will ____THIS month, and the equilibrium price of soursop juice will_____ THIS month. Select one: A. decrease; decrease B. increase; increase C. decrease; be ambiguous D. decrease; increase E. be ambiguous; be ambiguous F. be ambiguous; increase G. increase; decrease H. be ambiguous; decrease I. increase; be ambiguous
Suppose both consumers and sellers expect that the price of soursop juice will decrease next month. Everything else held constant, the supply of soursop juice will ____THIS month, and the equilibrium price of soursop juice will_____ THIS month. Select one: A. decrease; decrease B. increase; increase C. decrease; be ambiguous D. decrease; increase E. be ambiguous; be ambiguous F. be ambiguous; increase G. increase; decrease H. be ambiguous; decrease I. increase; be ambiguous
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 2QFR
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Question
Suppose both consumers and sellers expect that the price of soursop juice will decrease next month. Everything else held constant, the supply of soursop juice will ____THIS month, and the equilibrium price of soursop juice will_____ THIS month.
Select one:
A. decrease; decrease B. increase; increase C. decrease; be ambiguous D. decrease; increase
E. be ambiguous; be ambiguous F. be ambiguous; increase G. increase; decrease
H. be ambiguous; decrease
I. increase; be ambiguous
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