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What would we expect to happen to the equilibrium price and quantity in the market for wheat today? Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future.



A. The impact on both price and quantity is ambiguous
B. Price will increase; quantity is ambiguous
C. Price will increase; quantity will increase
D. Price will increase; quantity will decrease
E. Price will decrease; quantity is ambiguous

This question is part of Microeconomics [Ch.
Asked by Emy_, Last updated: Jan 16, 2020

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Emy_

Emy_

Answered Feb 26, 2018

Price will increase; quantity is ambiguous
 

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