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trapecia [35]
3 years ago
13

Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to

the equilibrium price and quantity in the market for wheat today?
a. Equilibrium price will decrease; the effect on quantity is ambiguous.
b. Equilibrium quantity will decrease; the effect on price is ambiguous.
c. Equilibrium quantity will increase; the effect on price is ambiguous.
d. Equilibrium price will increase, equilibrium quantity will decrease"
Business
2 answers:
Pie3 years ago
7 0

Answer:

d. Equilibrium price will increase, equilibrium quantity will decrease"

Explanation:

"Ceteris paribus" all things being equal; the higher the price, the lower the quantity demanded. If there are speculations about possible increment in price of wheat in near future time, it will result into panic buying of wheat in the market today and that will definitely increase the equilibrium price of the wheat and decrease the equilibrium quantity of wheat demanded.

blondinia [14]3 years ago
4 0

Answer:

D) Equilibrium price will increase, equilibrium quantity will decrease.

Explanation:

Supply and demand curves intersect and this means the market is in equilibrium. In Economics, once the price of a product increases, the demand rate falls hysterically. When a market price is above equilibrium, quantity supplied seems larger than quantity demanded, resulting in a surplus (excess demand). When the price of a product is raised, the quantity demanded for that product will decrease until it reaches equilibrium level. A firm looking towards increasing the price of their product or service tends to brace themselves for a time filled with surpluses

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3 years ago
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Answer:

<u>Zone of tolerance</u>

Explanation:

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4 0
3 years ago
The purchase price and all costs to bring an asset to its desired condition and location for use should be ________.
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Answer:

b. capitalized

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3 0
2 years ago
For most normal goods the income effect and the substitution effect work in the same direction; so when the price of a good fall
bezimeni [28]

Answer:

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The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.  

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Suppose NanoSpeck, a biotechnology firm, is selling stocks to raise money for a new lab—a practice known as finance. Buying a sh
marishachu [46]

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